Beyond Meat: A Lot Of Hype

In the recent past, we have seen several IPOs of some huge corporations. We saw IPOs that were very successful as well as IPOs that weren’t so successful like Lyft (Nasdaq: LYFT) or Uber (NYSE: UBER). But in the recent past it was especially one company that is trading on the stock exchange for about a month and really took off. We tend to use exaggerations quite often, but in this case, we have to use superlatives to describe the stock price development. In about one month, the stock gained 580% - a rise that even would have made Bitcoin (BTC-USD) jealous. Last Friday, the stock increased almost 40% in a single day and on Monday again 23% (at the time of writing). Of course, I'm talking about Beyond Meat (Nasdaq: BYND).

(Source: Pixabay)

Original source

Add comment

Please Sign in to be able to leave comments.