Beyond Meat Reschedules Q3 Earnings Amid Market Volatility
Beyond Meat (BYND), a meme stock favorite, has moved its third-quarter earnings release to November 10, citing the Veterans Day holiday. Shares have plummeted 63% year-to-date as demand for plant-based meat wanes and speculative trading intensifies. Analysts anticipate a 16% revenue drop to $68.98 million and a per-share loss of $0.40.
Ownership data reveals public companies and individual investors control 73.87% of BYND, with ETFs, mutual funds, and insiders holding smaller stakes. Vanguard emerges as the largest institutional shareholder.