Beyond Meat, Inc.Short
$BYND Bottom to Fall Out This Summer - Fad = Fade
BYNDBroke $152 on Friday - likely headed down to $120-$115 level and then next level will likely be $95. I currently own puts in this name.
A little summer projection for the beyond meat craze. "Hexane" carcinogen news will likely only gain traction in the media surrounding the fake meat industry with controversy, leading to shorts to pick up speed and longs to begin to doubt the recent optimism surrounding. Fad = Fade
Russel re-balance at the end of the month that will be including BYND will likely push this down further prior to insure the stability of the index in my opinion.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.