Beyond Meat (BYND) Shares Gap Up to $79.68
Shares of Beyond Meat (NASDAQ:BYND) gapped up before the market opened on Wednesday . The stock had previously closed at $86.88, but opened at $79.68. Beyond Meat shares last traded at $88.88, with a volume of 10061875 shares.
Separately, Sanford C. Bernstein began coverage on Beyond Meat in a report on Monday, May 6th. They set an “outperform” rating for the company.
In related news, Director Raymond J. Lane acquired 29,442 shares of the company’s stock in a transaction on Monday, May 6th. The stock was purchased at an average cost of $25.00 per share, with a total value of $736,050.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Dariush Ajami acquired 2,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was bought at an average cost of $25.00 per share, with a total value of $50,000.00. The disclosure for this purchase can be found here.
Beyond Meat, Inc, a food company, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells its products under the Beyond Beef, Beyond Chicken, The Beyond Burger, Beyond Meat, Beyond Sausage, Eat What You Love, and The Cookout Classic brand names.
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