Meme stock darling Beyond Meat tumbles 16% after 3rd-quarter earnings get delayed

Core Viewpoint - Beyond Meat's stock has experienced a significant decline, falling 16% on Monday and down 63% year-to-date after a previous surge fueled by retail investor interest [1][4]. Group 1: Stock Performance - Beyond Meat's stock fell as much as 16% on Monday, extending a weeklong decline following a meme-fueled rally [1]. - The stock had previously surged by 1,300% in four days during September but has since tumbled significantly [1]. - The stock briefly approached $10 a share last month before the recent decline [4]. Group 2: Earnings Report Delay - Beyond Meat announced a delay in its third-quarter earnings report to November 11, due to the need to recalculate a non-cash impairment charge [2]. - The company indicated that the impairment charge is expected to be material, but it cannot yet quantify the amount [2]. - This delay presents another obstacle for retail investors who were hoping for a renewed rally [3]. Group 3: Investor Sentiment - The delay of the earnings report has disappointed some retail investors, particularly those on the byndinvest subreddit [3]. - Despite the setback, some investors remain committed to holding the stock, hoping for future positive catalysts [3].