Is a Reverse Stock Split Inevitable for Beyond Meat?
Beyond Meat (NASDAQ: BYND)'s stock closed at just under $0.81 on Monday. It has been in free fall over the past 12 months, losing 76% of its value over that stretch. In order to remain listed on the Nasdaq exchange, its share price needs to remain above $1.00. If it doesn't, it risks being delisted. The company has been working on efforts to try to generate more growth, and recently announced the launch of a beverage line. But with plenty of bearishness surrounding the food stock of late, it may not be ea ...