CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Beyond Meat stock plunged after analysts downgrade

16:51 28 March 2022

Beyond Meat (BYND.US) dropped over 4.0% on Monday after Piper Sandler downgraded the alternative meat producer to “neutral” from “underweight”  and lowered the price target from $50 to $29 on the back of increasing competition for plant-based meat substitutes, as well as disappointing launch in McDonald’s restaurants. "Given its lack of Beyond branding, there is also the risk MCD takes production in-house at the end of its three-year contract with Beyond. Either way, the lack of clear branding also mutes the carryover benefit from consumer trial at MCD into retail," noted analyst Michael Lavery. He also emphasized that the company is still burning cash with no clear path to positive EBITDA.

Beyond Meat (BYND.US) stock launched upward correction recently, however buyers failed to break above upper limit of the descending channel which coincides with 50 SMA (green line) and upper limit of the market geometry. If current negative sentiment prevails, downward move may accelerate towards recent lows at $36.20. Source: xStation5

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