Beyond Meat Forecast: Is There Any Hope Left for This Stock?

Plant-based meat producer Beyond Meat Inc. NASDAQ: BYND has a 39.81% short interest. Sentiment is negative for the stock as it continues to fall lower, trading down more than 25% year-to-date (YTD). The stock recently provided investors with a fleeting lifeline, briefly jumping to $10.31 on a short-lived meme stock revival led by GameStop Co. NYSE: GME on May 14, 2024. Shares have since given back all the gains and tacked on more losses.Beyond Meat operates in the consumer staples sector, competing with rea ...