Thursday, May 14, 2020

Thinking Of Saying Goodbye To Beyond Meat (BYND)

Dear BYND, it's not you, it's me.
A bearish engulfing day yesterday followed by an uninspiring pre-market move higher today:

BYND Beyond Meat, Inc. daily Stock Chart
Plus the meat plants are reopening, with a glut of porkers headed for the abattoir, DTNPF:
Pork Farmers Still Face Logjam
Processing Plants Are Reopening, but Millions of Hogs Remain on Farms 

BYND is changing hands at $136.03 up $1.52 (1.13%) after closing down $2.42 to $134.51 in yesterday's regular action.

Recently:
May 12
May 7 
As noted in With Pork and Beef Supplies Raising Some Concerns, Guess Who Wants To Serve You Some Faux Meat:
....This trip down Memory Lane brought to you by the April 13 observation:
...Back to the immediate issue, supply should be good through June but if the closed plants, and they are multiple across the industry, don't reopen, BYND is going to be in hog heaven...
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