에 대한 최신 뉴스 Beyond Meat (NASDAQ:BYND) 주식

Beyond Meat

Beyond Meat Inc is a provider of plant-based meat company offering a portfolio of revolutionary plant-based meats. It builds meat directly from plants, an innovation that enables consumers to experience the taste, texture and other sensory attributes of popular animal-based meat products while enjoying the nutritional and environmental benefits of eating plant-based meat product It has products such as burgers, sausage, ground beef, jerky, meatballs and chicken. The company generates revenue from sales of its products to the customers across mainstream grocery, mass merchandiser, club store, convenience store and natural retailer channels, and various food-away-from-home channels, including restaurants, foodservice outlets and schools, mainly in the United States.

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한국은 불법 ‘무차입 공매도(naked shorting)&#39; 관행을 제재하고자 목요일 공매도 금지 명령을 연장했다. 사건의 전말 (What Happened): 포춘(Fortune)에 따르면 한국은 공매도 금지 조치를 2025년 1분기까지 연장할 것이라고 발표했다.

한국은 불법 공매도 금지 명령 연장, 처벌 강화?

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밈 주식은 &#39;로어링 키티(Roaring Kitty)&#39;로 널리 알려진 키스 길(Keith Gill)이 3년 만에 소셜 미디어에 복귀하면서 금융 시장에서 다시 한 번 주목을 받았다. 잘 모르시는 분들을 위해 설명하자면 길은 2021년 초 금융계를 휩쓸었던 밈 주식 현상의 중추적인 인물이다. 개인 투자자이자 재무 분석가로서 그는 게임스탑(NASDAQ:GME)의 주식 가격이 폭발적으로 상승하는 데 기여한 역할로 유명해졌다.

&#39;로어링 키티&#39;의 복귀로 2024년 밈 주식 파동을 활용할 3가지 ETF

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목요일 아침 (현지 시간) 미국 주식 선물이 하락세로 거래되면서 오늘 투자자의 관심을 끌 수 있는 주식은 다음과 같다: 월스트리트는 로블록스 코퍼레이션(NYSE:RBLX)가 개장 전 주당 53센트의 분기 손실과 9억 2,200만 달러의 매출을 보고할 것으로 예상하고 있다. 로블록스의 주식은 시간외 거래에서 0.7% 상승한 39.30달러를 기록했다.

로블록스, 비욘드 미트 그리고 목요일에 주목해야 할 3개의 주식

Beyond Meat Inc

BYND Cannasoft Enterprises Inc. - Common Stock

BYND Cannasoft Enterprises Inc

<a href="https://www.beyondmeat.com/en-US/whats-new/beyond-the-original-orange-chicken-is-back-at-panda-express">https://www.beyondmeat.com/en-US/whats-new/beyond-the-original-orange-chicken-is-back-at-panda-express</a>
BEYOND&#xAE;&nbsp;THE ORIGINAL ORANGE CHICKEN&nbsp;IS BACK AT PANDA EXPRESS&#xAE;&nbsp;
We are so excited to announce that&nbsp;<a href="https://www.pandaexpress.com/">Panda Express&#xAE;</a>&nbsp;is bringing back&nbsp;Beyond&#xAE;&nbsp;The Original Orange Chicken starting Wednesday, July 3rd! &nbsp;
We heard you all loud and clear! This irresistibly delicious dish is returning to menus after being the #1 most requested dish on Panda's social channels and spurring a <a href="https://www.change.org/p/panda-express-bring-back-the-beyond-orange-chicken?source_location=search">petition</a> by hungry fans demanding its return that has received over 7K signatures.&nbsp;
Created to capture the irresistibly crunchy texture and flavor of Panda's signature The Original Orange Chicken, we couldn't be more excited to have the opportunity to give everyone looking for a plant-based option the chance to indulge in the addictive flavor they know and love.&nbsp;
But it's only here for a limited time! So run, don't walk to your nearest Panda Express to grab a bowl! Click&nbsp;<a href="https://www.pandaexpress.com/promo/beyondoc">HERE</a> to find participating stores. &nbsp;

'Beyond The Original Orange Chicken Is Back At Panda Express' - BeyondMeat

McDonald&#8217;s Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) confirmed that its previous attempts to introduce plant-based meat in <a href="https://www.benzinga.com/topic/plant-based-meat">the U.S. were unsuccessful</a>.
The burger chain&#8217;s customers do not frequent its restaurants for salads or plant-based options, according to Joe Erlinger, McDonald&#8217;s U.S. chief, who spoke at the Wall Street Journal&#8217;s Global Food Forum in Chicago.
The trial of the McPlant burger in San Francisco and Dallas did not meet expectations, wrapping up in 2022, reported <a href="https://www.bloomberg.com/news/articles/2024-06-26/mcdonald-s-says-plant-based-test-in-two-key-us-cities-failed?srnd=industries-v2&amp;sref=TBDibEcD">Bloomberg</a>.
Erlinger stated that American consumers are not seeking plant-based proteins from McDonald&#8217;s, although such products have seen more success in Europe.
Also Read: <a href="https://www.benzinga.com/news/24/06/39428015/mcdonalds-announces-5-value-meal-as-it-looks-to-win-back-customers-were-committed-to-winning-the-val">McDonald&#8217;s Announces $5 Value Meal As It Looks To Win Back Customers</a>
Erlinger noted that if there is a strong demand for salads at McDonald&#8217;s, the company would consider relaunching them.
Instead, McDonald&#8217;s is focusing on expanding its chicken offerings as this protein has become more popular among its customers.
McDonald&#8217;s sells more chicken than beef, driven by the affordability of chicken production. &#8220;Chicken is less expensive to produce, and so for a consumer that's looking for more affordable food, chicken is a great option right now,&#8221; Erlinger explained.
It is to be noted that Beyond Meat Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>), provider of plant-based meats, such as burgers, sausage, ground beef&nbsp;and chicken has <a href="https://www.benzinga.com/news/22/12/30228803/beyond-meat-stock-jumps-as-mcdonalds-expands-mcplant-offering-whats-going-on">partnered with McDonald&#8217;s for the McPlant burger</a>.
Price Action: MCD shares closed higher by 0.17% at $257.83 on Wednesday.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/06/39182942/mcdonalds-loses-chicken-big-mac-trademark-in-european-union">McDonald&#8217;s Loses Chicken Big Mac Trademark In European Union</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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McDonald's Customers Prefer Chicken Over Plant-Based Options: Report

Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) shares are trading higher Monday on above-average trading volume. Here's a<a href="https://www.benzinga.com/markets/cannabis/24/06/39366002/analysts-squeeze-play-can-beyond-meat-aurora-cannabis-juice-the-shorted-stocks"> look at what's going on.&nbsp;</a>
What To Know:
Last Thursday, Beyond Meat announced<a href="https://www.benzinga.com/pressreleases/24/06/g39412369/beyond-meat-expands-beyond-iv-product-line-with-the-debut-of-new-beyond-sausage-at-grocery-stores-"> the expansion</a> of its Beyond IV product line with the roll out of its fourth generation Beyond Sausage at grocery stores nationwide. The Beyond IV product line features 75% less saturated fat and 20% less salt than traditional beef, according to the company.&nbsp;
Analyst Faizan Farooque sees a potential <a href="https://www.benzinga.com/markets/cannabis/24/06/39366002/analysts-squeeze-play-can-beyond-meat-aurora-cannabis-juice-the-shorted-stocks">short-squeeze</a> brewing in Beyond Meat shares as the company prioritizes its Beyond IV line and cuts its 2024 budget by $70 million as part of its SKU rationalization process.
The stock has fallen 25% year-to-date and 38.88% of available Beyond Meat shares are being sold short, according to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>.
Related News: <a href="https://www.benzinga.com/news/24/06/39434540/clover-healths-1-million-insider-buy-whats-going-on-with-the-stock">Clover Health&#8217;s $1 Million Insider Buy: What&#8217;s Going On With The Stock?</a>
<h2 class="wp-block-heading">Will BYND Stock Go Up?</h2>
When trying to assess whether or not Beyond Meat will trade higher from current levels, it's a good idea to take a look at analyst forecasts. 
Wall Street analysts have an average 12-month price target of $6.3 on Beyond Meat. The Street high target is currently at $9 and the Street low target is $3.50. Of all the analysts covering Beyond Meat, no one has positive ratings, 2 have neutral ratings and 3 have negative ratings.
In the last month, no analysts have adjusted price targets. Here's a look at recent price target changes <a href="https://www.benzinga.com/quote/BYND/analyst-ratings">[Analyst Ratings]</a>. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering Beyond Meat have performed in recent history. 
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. Beyond Meat is down 25% year-to-date. The average analyst price target suggests the stock could have further downside ahead.
For a broad overview of everything you need to know about Beyond Meat, visit <a href="https://www.benzinga.com/quote/BYND">here</a>. If you want to go above and beyond, there's no better tool to help you do just that than <a href="https://pro.benzinga.com/">Benzinga Pro</a>. Start your free trial today.
BYND Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Beyond Meat shares are down 1.79% at $13.16 at the time of publication Monday.
Image: Courtesy of Beyond Meat, Inc.

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What's Going On With Beyond Meat's Stock?

Beyond Meat Announces Expansion Of Beyond IV Product Line With New Fourth Generation Beyond Sausage; Available Nationwide In Grocery Stores

A short squeeze forces investors betting on a stock&#39;s decline (short sellers) to buy back shares at a higher price to avoid losses, triggering a price surge. Analyst Faizan Farooque sees this potential in Aurora Cannabis (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acb#NASDAQ">ACB</a>) and Beyond Meat (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bynd#NASDAQ">BYND</a>) due to their recent actions and current market conditions.
<h3>Beyond Meat&nbsp;</h3>
Beyond Meat is facing a challenging environment with persistent inflation, competition from Impossible Foods&nbsp;and a notable drop in plant-based meat revenues.
The company&#39;s net sales fell 18%, resulting in a net loss of $155.1 million. Despite these setbacks, Beyond Meat projects sales of $315 million to $345 million for 2024.
To counter these challenges, Beyond Meat introduced Beyond IV, a new product line boasting 75% less saturated fat and 20% less salt than traditional beef, and containing 21 grams of protein per serving.
According to Farooque, the company is focusing on inventory optimization, discontinuing Beyond Jerky to prioritize the more profitable Beyond IV line. Additionally, BYND is cutting its 2024 budget by $70 million as part of its SKU rationalization process. Currently, the stock has nearly 40% short interest and has dropped almost 50% in the past year.
<h3>Aurora Cannabis&nbsp;</h3>
Aurora Cannabis continues to be a notable name in the short-squeeze arena, largely due to <a href="https://www.benzinga.com/cannabis">marijuana&#39;s federal illegality</a> in the U.S. However, Farooque <a href="https://investorplace.com/2024/06/the-short-squeeze-saga-3-stocks-primed-for-an-epic-surge/?utm_source=benzinga&amp;utm_medium=quotes">noted</a> Aurora reported its fifth consecutive <a href="https://www.benzinga.com/markets/cannabis/24/05/38701159/aurora-cannabis-medical-market-in-focus-golden-cross-suggests-stock-uptrend-ahead-of-q1-earnings">quarter of positive adjusted EBITDA</a>, with quarterly net sales up 5% to 64.4 million CAD.
The company is also reducing its debt, recently repurchasing 23.1 million CAD in convertible debentures.
Despite these <a href="https://www.benzinga.com/markets/cannabis/24/05/38559933/billions-on-the-move-tracking-market-cap-changes-in-top-cannabis-firms-after-dea-rescheduling-an">positives</a>, consumer cannabis <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38440908/investors-shuffle-stock-positions-in-aurora-cannabis-beyond-earnings-liquidity-look">revenue</a> fell by 21% year-over-year, and adjusted SG&amp;A expenses remained high, according to Farooque.
He explained a reverse<a href="https://www.benzinga.com/markets/cannabis/24/02/37211828/whats-going-on-with-aurora-cannabis-stock-tuesday"> stock split </a>in February 2024 aimed to stabilize the stock price, but ACB is still trading at $5.90, well below its 52-week high of $11.5.
The <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39146622/cannabis-slowdown-in-canada-analyst-spotlights-what-still-sells-and-where-the-money">Canadian market&#39;s slow growth </a>further complicates Aurora&#39;s position, keeping it among the stocks primed for a squeeze.
Cannabis rescheduling seems to be right around the corner. Want to understand what this means for the future of the industry? Hear directly for top executives, investors, and policymakers at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9.&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" rel="noopener noreferrer" target="_blank">Get your tickets now</a>&nbsp;before prices surge by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" rel="noopener noreferrer" target="_blank">this link</a>.
Photo by&nbsp;<a href="https://unsplash.com/@tangerinenewt?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash">Tangerine Newt</a>&nbsp;on&nbsp;<a href="https://unsplash.com/photos/sliced-orange-fruit-with-straw-hINQgaTqg7Q?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash">Unsplash</a>.&nbsp;

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Analyst's Squeeze Play: Can Beyond Meat, Aurora Cannabis Juice The Shorted Stocks?

New York Post and Washington Post Misrepresent Study Linking Vegan Fake Meats to Heart Disease, Despite Plant-Based Meats Constituting Only 0.2% of Diet in Study.
<a href="https://www.beyondmeat.com/en-US/whats-new/setting-the-record-straight-the-facts-of-the-latest-study-on-ultra-processed-foods-a-word-from-dr-matthew-lederman" title="https://www.beyondmeat.com/en-US/whats-new/setting-the-record-straight-the-facts-of-the-latest-study-on-ultra-processed-foods-a-word-from-dr-matthew-lederman">https://www.beyondmeat.com/en-US/whats-new/setting-the-record-straight-the-facts-of-the-latest-study-on-ultra-processed-foods-a-word-from-dr-matthew-lederman</a>

'Setting The Record Straight: The Facts Of The Latest Study On Ultra Processed Foods, A Word From Dr. Matthew Lederman' - Beyond Meat Blog Post

South Korea extended its short-selling ban on Thursday in an attempt to crack down on <a href="https://www.benzinga.com/markets/equities/23/12/36385316/naked-short-selling-crackdown-hsbc-and-bnp-paribas-hit-with-fines-in-south-korea">illegal &#8220;naked shorting&#8221; practices</a>.
What Happened: South Korea announced it would extend its ban on short selling to the first quarter of 2025, <a href="https://fortune.com/asia/2024/06/13/illegal-short-selling-trades-life-in-prison-south-korea/">per</a> Fortune.
&#8220;The ban on short selling will be extended until March 30, 2025, to establish an electronic system to prevent naked short-selling and relieve concerns about such practices hindering fair pricing in the securities market,&#8221; the Financial Services Commission (FSC) <a href="https://www.reuters.com/world/asia-pacific/south-korea-extend-short-selling-ban-now-2024-06-13/#:~:text=%22The%20ban%20on%20short%2Dselling,stock%20market%20closed%20on%20Thursday.">said</a>.
The decision came after prominent firms, including HSBC Holdings PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSBC#NYSE">HSBC</a>) and BNP Paribas ADR (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/BNPQY#OTCQX">BNPQY</a>), were fined by South Korea in a crackdown on naked short selling.
In a statement on Thursday, the South Korean government said they would penalize illegal short-selling practices with life imprisonment and harsher fines. Penalties could reach six times the amount of the profit from unlawful short selling, according to Fortune.
Why it Matters: Short selling, most commonly used by institutional investors, is a way to bet that a company&#8217;s share price will depreciate. Naked short selling is a financial practice that involves selling a security without first borrowing it or ensuring it can be borrowed. 
Short selling is not illegal in the U.S., but naked short-selling <a href="https://www.benzinga.com/money/what-is-naked-short-selling">can carry fines</a> or criminal charges, in extreme cases.
Short selling achieved attention in the U.S. following the short squeeze of GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) in 2021. At its peak, GameStop had a short float of over 100%. Investors on the Reddit community r/Wallstreetbets targeted other highly shorted stocks, including AMC Entertainment Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) and KOSS Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>).
South Korea&#8217;s decision comes amid continued criticism of institutional short-selling practices by investors, particularly those in retail circles. 
GameStop received renewed attention in 2024 after investor Roaring Kitty <a href="https://www.benzinga.com/general/education/24/05/38793704/who-is-roaring-kitty-why-does-his-return-to-social-media-matter-for-gamestop-stock">returned to social media</a> and revealed <a href="https://www.benzinga.com/markets/equities/24/06/39128926/roaring-kitty-reveals-massive-gme-position-on-reddit-including-65m-call-options-is-he-bringing-c">a large position</a> in the company.
Kohls Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>), Beyond Meat Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) and Spirit Airlines Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) are among the most shorted American companies in 2024, <a href="https://www.benzinga.com/short-interest/most-shorted">according to Benzinga</a>.
Also Read: <a href="https://www.benzinga.com/markets/equities/24/04/38337541/trump-media-technology-group-alleges-naked-short-selling-seeks-nasdaqs-intervention">Trump Media &amp; Technology Group Allege Naked Short Selling, Seek Nasdaq&#8217;s Intervention (Update-2)</a>

Life Imprisonment For Short Selling? South Korea Extends Ban, Harshens Penalties

Beyond Meat Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYNDHTTPS#NASDAQ">BYNDHTTPS</a>, NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) shares are trading lower Tuesday afternoon after a <a href="https://nypost.com/2024/06/11/lifestyle/vegan-fake-meats-linked-to-heart-disease-early-death-study/">New York Post article</a> mentioned vegan meats while discussing a study linking processed foods to increased risk of heart disease. 
What To Know: The study, conducted by researchers from the University of São Paulo and Imperial College London, analyzed the diets of over 118,000 Brits aged 40 to 69. The findings suggested that while plant-based diets consisting of whole foods like fruits, vegetables, whole grains and legumes promote heart health, ultra-processed vegan foods (UPFs) can increase heart disease-related deaths.
Ultra-processed foods, which include packaged goods, drinks, cereals and ready-to-eat products containing additives, were found to be high in sugar, saturated fat and lacking in essential vitamins and fiber.
The study noted a 12% increase in heart disease-related deaths for every 10% rise in the consumption of UPFs. Conversely, a similar increase in whole plant-based foods reduced the risk of heart-related death by 20%.
"While ultra-processed foods are often marketed as healthy foods, this large study suggests that plant-based ultra-processed foods do not seem to have protective health effects and are linked to poor health outcomes," said study co-author Dr. Eszter Vamos, according to the article.
What Else: Several other brands, including mega food producers known for their ultra-processed offerings, such as PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>), Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>), Nestlé (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSRGY#OTC">NSRGY</a>) and Kellogg Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>) are among the key players in the industry. The broader context of these industry giants underscores the potential impact of the study findings on the entire category of ultra-processed foods.
BYND Price Action: Beyond Meat shares were down by 0.60%, at $7.13 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro. </a>
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="525" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/11140830/BYND-1024x525.png" alt="" class="wp-image-382883" style="width:631px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/11140830/BYND-1024x525.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/11140830/BYND-300x154.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/11140830/BYND-768x393.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/11140830/BYND.png 1423w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
See Also: <a href="https://www.benzinga.com/news/24/06/39277106/why-trio-petroleum-stock-is-moving-higher-tuesday">Why Trio Petroleum Stock Is Moving Higher Tuesday</a>
Image: Shutterstock.

BYNDHTTPS

Nestle Sponsored representing Registered Shares Series B

NSRGY

What's Going On With Beyond Meat Shares Tuesday?

WIIM

Beyond Meat shares are trading lower following a New York Post article, which discussed a study linking processed foods to heart disease.

<a href="https://nypost.com/2024/06/11/lifestyle/vegan-fake-meats-linked-to-heart-disease-early-death-study/" title="https://nypost.com/2024/06/11/lifestyle/vegan-fake-meats-linked-to-heart-disease-early-death-study/">https://nypost.com/2024/06/11/lifestyle/vegan-fake-meats-linked-to-heart-disease-early-death-study/</a>

'Vegan fake meats linked to heart disease, early death: study' - NYPost

Beyond Meat Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) and Plug Power Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares are moving Monday morning in sympathy with GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), which surged following a social media post from Keith Gill, <a href="https://www.benzinga.com/markets/equities/24/06/39130795/gamestop-nearly-doubles-amc-soars-30-premarket-whats-setting-meme-stocks-on-fire-again">also known as &#8220;Roaring Kitty.&#8221;</a>
What To Know: GameStop shares are up more than 75% Monday morning after Gill, best known as &#8220;Roaring Kitty&#8221; on YouTube and X or &#8220;DeepF&#x2A;&#x2A;&#x2A;ingValue&#8221; on Reddit, posted a screenshot to Reddit suggesting he currently has a $116 million bet on GameStop. 
The image appeared to show that the trader is holding 5 million GameStop shares and 120,000 call options, which has sparked a move in several related meme names and stocks with high short interest. 24.68% of GameStop&#8217;s float is currently sold short, per <a href="http://pro.benzinga.com">Benzinga Pro.</a> Beyond Meat has short interest of about 39% and Plug has short interest of about 26%. 
Gill made his return to social media a couple of weeks ago following three years of silence. He first posted a <a href="https://twitter.com/TheRoaringKitty/status/1789807772542067105" target="_blank" rel="noreferrer noopener">meme</a> of a person leaning forward in a chair before following it up with a series of short video clips. On Sunday, he posted an image of a green reverse Uno card around the same time he released the position update.
Gill posted a series of videos on YouTube leading up to the historic short squeeze in 2021. When GameStop shares eventually squeezed higher, the trader began posting updates of his positions on Reddit&#8217;s r/WallStreetBets. Gill is often credited with sparking the meme stock mania of 2021.
See Also: <a href="https://www.benzinga.com/markets/equities/24/06/39128926/roaring-kitty-reveals-massive-gme-position-on-reddit-including-65m-call-options-is-he-bringing-c">&#8216;Roaring Kitty&#8217; Reveals Massive GME Position On Reddit, Including $65M Call Options: Is He Bringing &#8216;Courage&#8217; Back To Wall Street?</a>
BYND, PLUG Price Action: Beyond Meat shares were up 4.07% at $7.89 and Plug shares were up 5.11% at $3.50 at the time of writing, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: 3844328 from Pixabay.

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What's Going On With Beyond Meat, Plug Power Stock Monday?

On CNBC's &#8220;<a href="https://www.benzinga.com/topic/mad-money-lightning-round">Mad Money Lightning Round</a>,&#8221; Jim Cramer said Warby Parker Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRBY#NYSE">WRBY</a>) is &#8220;<a href="https://www.benzinga.com/quote/WRBY/news">alright to buy.</a>&#8220;
On May 9, Warby Parker reported a year-over-year increase in first-quarter GAAP EPS results and better than-expected sales results. Also, the company raised its FY24 net revenue guidance.
When asked about Riot Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>), he said, &#8220;No, look. If we're going to be in that, we're just going to go buy Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) or go buy Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), either one is fine with me.&#8221;
Riot Platforms recently announced that it made a proposal to acquire all outstanding shares of Bitfarms Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BITF#NASDAQ">BITF</a>) and <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39041432/whats-going-on-with-shares-of-bitcoin-miner-bitfarms-tuesday">accumulated a 9.25% stake</a>.
The &#8220;Mad Money&#8221; host recommended not to own Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>), calling it &#8220;way too risky.&#8221;
On May 8, Beyond Meat said first-quarter revenue decreased 18% year-over-year to $75.603 million, which beat consensus estimates of $75.241 million, per Benzinga Pro. The plant-based meat company reported a first-quarter adjusted loss of 72 cents per share, which missed estimates for a loss of 67 cents per share.
Meanwhile, Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) under $150 <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39107696/jim-cramer-says-amd-under-150-would-be-terrific-but-it-doesnt-have-what-nvidia-has">would be &#8220;terrific,&#8221;</a> Cramer says.
Advanced Micro Devices will likely expand its partnership with Samsung Electronics Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) to develop 3-nanometer <a href="https://www.benzinga.com/news/24/05/39060171/amd-expands-partnership-with-samsung-new-3nm-chips-to-boost-market-share">chip processing technology</a>.
&#8220;It's real good, but it doesn't have what Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has,&#8221; Cramer adds.
Price Action:
<ul>
<li>Riot Platforms shares rose 0.4% to settle at $10.04 on Thursday.</li>
<li>Beyond Meat shares gained 2.4% to close at $7.35.</li>
<li>AMD shares rose 1% to settle at $166.75 during Thursday's session.</li>
<li>Warby Parker shares gained 4% to close at $17.44 on Thursday.</li>
</ul>
Read Next: <a href="https://www.benzinga.com/news/24/05/39085305/top-4-materials-stocks-you-may-want-to-dump-in-q2">Top 4 Materials Stocks You May Want To Dump In Q2</a>
Image: Shutterstock

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Jim Cramer: Beyond Meat Is 'Way Too Risky,' Warby Parker Is 'Alright To Buy'

<a href="https://www.newswire.ca/news-releases/nearly-half-of-canadians-think-giving-up-social-media-would-be-easier-than-giving-up-red-meat-new-beyond-steak-r-is-here-to-prove-them-wrong-822411869.html" title="https://www.newswire.ca/news-releases/nearly-half-of-canadians-think-giving-up-social-media-would-be-easier-than-giving-up-red-meat-new-beyond-steak-r-is-here-to-prove-them-wrong-822411869.html">https://www.newswire.ca/news-releases/nearly-half-of-canadians-think-giving-up-social-media-would-be-easier-than-giving-up-red-meat-new-beyond-steak-r-is-here-to-prove-them-wrong-822411869.html</a>

Beyond Meat Announced Launch Of Beyond Steak In Canada

Beyond Meat Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) is reportedly facing significant challenges as two of its early adopters,&nbsp;Carl&#8217;s Jr.&nbsp;and&nbsp;Jack In The Box Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>) owned&nbsp;Del Taco Restaurants Inc., have removed its plant-based beef from many locations.
The shift reflects a decline in consumer interest in meat substitutes.
Most Carl&#8217;s Jr. outlets, which exceed 1,000 in number, stopped offering the Beyond Burger as of April 24, according to a report by&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-05-20/carl-s-jr-and-del-taco-are-scaling-back-beyond-meat-products?srnd=industries-v2&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.&nbsp;
The chain&nbsp;initially&nbsp;launched the Beyond Burger in January 2019, marking one of Beyond Meat&#8217;s first major fast-food collaborations.&nbsp;
The CEO of Carl&#8217;s Jr.&#8217;s parent company, CKE Restaurants, had lauded the patty as an &#8220;industry game changer&#8221;&nbsp;at the time.
Although the Beyond Burger is&nbsp;largely&nbsp;off the menu now, a fried zucchini sandwich remains available at select locations,&nbsp;as&nbsp;per the report.
Similarly, Del Taco has discontinued Beyond Meat offerings across nearly 600 locations since last spring due to &#8220;low sales,&#8221;&nbsp;according to a Bloomberg source.&nbsp;
Nevertheless, Del Taco remains open to exploring innovative plant-based menu options with Beyond Meat. Del Taco began its partnership with Beyond Meat in 2019, proclaiming it&nbsp;as&nbsp;&#8220;the future of tacos.&#8221;
Once a favored choice on Wall Street, the company has seen its stock price plummet as it struggles to gain&nbsp;traction with consumers.&nbsp;
However, last week, the stock received fresh interest amid a rally in meme stocks after retail investor&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/05/38827325/why-beyond-meats-stock-is-roaring-higher" rel="noreferrer noopener">Roaring Kitty made a return to social media.</a>
CEO Ethan Brown,&nbsp;in a recent earnings call, touted the fourth iteration of their burger as a &#8220;home run,&#8221;&nbsp;signaling the company&#8217;s hope to boost its fortunes by increasing prices.
The&nbsp;plant-based meat&nbsp;company&#8217;s first-quarter revenue decreased&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/05/38731541/whats-going-on-with-beyond-meat-shares-thursday" rel="noreferrer noopener">18% year-over-year to $75.603 million</a>.&nbsp;
Beyond Meat is banking on new product developments and pricing strategies to reverse its declining market performance.
Beyond Meat stock has lost more than 30% in the last 12 months. Investors can gain exposure to the stock via Vanguard Consumer Staples ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VDC#NYSE">VDC</a>) and&nbsp;IShares Russell 2000 Growth ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWO#NYSE">IWO</a>).
Price Action: BYND shares closed higher by 1.18% at $7.275 on Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

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Beyond Meat Faces Setback As Carl's Jr. And Del Taco Drop Products: Report

Beyond Meat's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NYSE">BYND</a>) short percent of float has risen 10.62% since its last report. The company recently reported that it has 25.36 million shares sold short, which is 40.82% of all regular shares that are available for trading. Based on its trading volume, it would take traders 13.61 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Beyond Meat Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715867122_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Beyond Meat has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Beyond Meat's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Beyond Meat's peer group average for short interest as a percentage of float is 5.59%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Beyond Meat's Recent Short Interest

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Shares of several stocks popular on social media are trading lower amid continued volatility following a surge in retail investor interest.

Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) shares are trading higher Tuesday amid a rally in meme stocks after retail investor Roaring Kitty made a <a href="https://www.benzinga.com/news/24/05/38819873/sony-group-posts-upbeat-earnings-joins-gamestop-paysafe-and-other-big-stocks-moving-higher-on-tuesda">return to social media.&nbsp;</a>
The Details:
The return of Roaring Kitty to <a href="https://www.benzinga.com/news/24/05/38795608/gamestop-leads-roaring-rally-whats-going-on-with-meme-stocks">social media</a> has triggered a meme stock resurgence which began with shares of GameStop and AMC Entertainment and has extended to other stocks with high short-interest, including Beyond Meat.&nbsp;
According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, 36.87% of Beyond Meat's float is being sold short.&nbsp;
In June of 2021, Beyond Meat had a market capitalization of just under $10 billion which has dropped to approximately $516 million at present. The stock has fallen nearly 90% since 2021.&nbsp;
Beyond Meat shares are moving on heavy trading volume amid the rally with more than 11.45 million shares already traded in Tuesday's session, compared to the stock&#8217;s 100-day average of 3.655 million shares.
Related News: <a href="https://www.benzinga.com/news/24/05/38797005/whats-going-on-with-rivians-stock">What&#8217;s Going On With Rivian&#8217;s Stock?</a>
<h2 class="wp-block-heading">Should I Sell My BYND Stock? </h2>
Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.
Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.
Shares of Beyond Meat have lost 1.7% year to date. This compares to the average annual return of -57.67%, meaning the stock has outperformed its historical averages. Investors can compare a stock's movement to its historical performance to gauge whether this is a normal movement or a potential trading opportunity. 
Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Beyond Meat stock currently has an RSI of 62.13, indicating neutral conditions.
For analysis tools, charting data and access to exclusive stock news, check out <a href="https://pro.benzinga.com/">Benzinga PRO. Try it for free.</a> 
BYND Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Beyond Meat shares are up 6.85% at $8.50 at the time of publication Tuesday.
Image: Courtesy of Beyond Meat, Inc.

Why Beyond Meat's Stock Is Roaring Higher

Shares of Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) fell sharply during Tuesday's session following mix<a href="https://www.benzinga.com/news/earnings/24/05/38814985/alibaba-stock-dips-as-huge-investment-losses-in-q4-overshadow-revenue-growth-and-dividend">ed first-quarter financial results.</a>
The e-commerce giant reported fiscal fourth-quarter 2023 revenue growth of 7% year-on-year to $30.73 billion, beating the analyst consensus estimate of $30.40 billion. Adjusted earnings per ADS of $1.40 missed the analyst consensus estimate of $1.41, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Alibaba Group shares tumbled 6.8% to $78.86 on Tuesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Cheetah Net Supply Chain Service Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTNT#NASDAQ">CTNT</a>) shares jumped 352.4% to $5.34 as the company reported pricing of $8.19 million follow-on public offering.</li>
<li>Faraday Future Intelligent Electric Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) jumped 136% to $0.1434 after jumping over 32% on Monday.</li>
<li>MicroCloud Hologram Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NASDAQ">HOLO</a>) shares gained 73% to $3.4499 after gaining around 18% on Monday.</li>
<li>AMC Entertainment Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) shares gained 72.1% to $8.93 after surging 78% on Monday.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) gained 61.7% to $49.24 after jumping over 74% on Monday.</li>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) rose 62% to $4.4590 as high short-interest stocks gain amid the return of trader "Roaring Kitty" to social media. Additionally, the Biden administration raised tariffs on Chinese solar panels.</li>
<li>Maxeon Solar Technologies, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>) gained 52.5% to $3.7693.</li>
<li>Big Lots, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIG#NYSE">BIG</a>) gained 39.7% to $5.18.</li>
<li>Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) jumped 35% to $3.9165 after the company received a conditional commitment for an up to $1.66 billion loan guarantee from the Department of Energy.</li>
<li>Virgin Galactic Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NASDAQ">SPCE</a>) gained 31.5% to $1.3701 as high-short interest stocks gain amid the return of trader &#8216;Roaring Kitty&#8217; to social media.</li>
<li>Vuzix Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VUZI#NASDAQ">VUZI</a>) jumped 29.7% to $1.74.</li>
<li>Harrow, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HROW#NASDAQ">HROW</a>) jumped 29.3% to $15.61 after the company reported first quarter financial results.</li>
<li>Syra Health Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYRA#NASDAQ">SYRA</a>) rose 27.6% to $1.6950 after the company that it is a subcontracts for LUKE on a 10-year $43 billion Defense Health Agency contract.</li>
<li>Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) rose 27% to $10.14 after retail investor Roaring Kitty made a return to social media on Monday via a post on X.</li>
<li>Delcath Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCTH#NASDAQ">DCTH</a>) gained 25.5% to $6.80 following upbeat quarterly results.</li>
<li>Tupperware Brands Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TUP#NYSE">TUP</a>) jumped 25% to $2.20 after retail investor Roaring Kitty made a return to social media on Monday via a post on X.</li>
<li>Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) gained 23.8% to $5.14 after the Biden administration raised tariffs on Chinese solar panels.</li>
<li>Paysafe Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSFE#NYSE">PSFE</a>) gained 23.6% to $19.37 as the company posted better-than-expected results for its first quarter.</li>
<li>AMTD Digital Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HKD#NYSE">HKD</a>) gained 24.4% to $4.5191.</li>
<li>Hertz Global Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NYSE">HTZ</a>) rose 19.7% to $6.55.</li>
<li>BlackBerry Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>) gained 18.4% to $3.67 after adding around 7% on Monday.</li>
<li>SmartRent, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMRT#NYSE">SMRT</a>) rose 17.5% to $2.82 after Land &amp; Buildings sent a letter to the Board urging the exploration of strategic alternatives.</li>
<li>Fossil Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOSL#NASDAQ">FOSL</a>) rose 17.4% to $1.2101.</li>
<li>BlackBerry Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>) gained 16.7% to $3.61 after retail investor Roaring Kitty made a return to social media on Monday via a post on X.</li>
<li>Uxin Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UXIN#NASDAQ">UXIN</a>) rose 16.6% to $3.78.</li>
<li>Dawson Geophysical Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DWSN#NASDAQ">DWSN</a>) jumped 15.8% to $1.68 following first-quarter results.</li>
<li>PureCycle Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCT#NASDAQ">PCT</a>) rose 15.4% to $6.08.</li>
<li>Clover Health Investments, Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLOV#NASDAQ">CLOV</a>) gained 15% to $1.04.</li>
<li>On Holding AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>) gained 14.7% to $35.21 after the company reported better-than-expected first-quarter financial results.</li>
<li>Agilysys, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGYS#NASDAQ">AGYS</a>) gained 14.5% to $91.89 after the company reported better-than-expected quarterly financial results.</li>
<li>Petco Health and Wellness Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) gained 11.6% to $1.9983.</li>
<li>Alcon Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALC#NYSE">ALC</a>) gained 9.6% to $88.47 following better-than-expected first-quarter earnings.</li>
<li>Tilray Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>) shares rose 9.6% to $2.18.</li>
<li>Bloom Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) gained 9.5% to $12.65.</li>
<li>Rent the Runway, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RENT#NASDAQ">RENT</a>) shares rose 7.4% to $21.45 after gaining over 12% on Monday.</li>
<li>Sony Group Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) gained 6.3% to $80.95 after the company reported better-than-expected quarterly financial results</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Scorpius Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCPX#NASDAQ">SCPX</a>) fell 54.8% to $0.0820 after the company reported pricing of public offering.</li>
<li>Augmedix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUGX#NASDAQ">AUGX</a>) shares fell 50.7% to $1.1596 after the company reported first-quarter financial results.</li>
<li>Inotiv, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NOTV#NASDAQ">NOTV</a>) fell 46.8% to $2.22 after Jefferies downgraded the stock from Buy to Hold and lowered its price target from $11.5 to $3.75.</li>
<li>Akoya Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKYA#NASDAQ">AKYA</a>) fell 28.3% to $2.9550 after the company reported worse-than-expected first-quarter financial results and lowered its FY24 revenue forecast.</li>
<li>Eastside Distilling, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EAST#NASDAQ">EAST</a>) dipped 26% to $1.0950 following first-quarter earnings.</li>
<li>JanOne Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAN#NASDAQ">JAN</a>) fell 23.8% to $2.9443.</li>
<li>Shimmick Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHIM#NASDAQ">SHIM</a>) declined 23.6% to $2.78 following weak quarterly earnings.</li>
<li>Fennec Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FENC#NASDAQ">FENC</a>) fell 23.2% to $7.70 following quarterly results.</li>
<li>BIOLASE, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIOL#NASDAQ">BIOL</a>) shares fell 15.3% to $0.1532 after the company reported mixed first-quarter financial results.</li>
<li>IHS Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IHS#NYSE">IHS</a>) declined 15.2% to $3.2650 following first-quarter results.</li>
<li>Jamf Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAMF#NASDAQ">JAMF</a>) fell 12.1% to $17.95 after the company announced the pricing of a secondary offering by selling stockholders.</li>
<li>Merchants Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBIN#NASDAQ">MBIN</a>) declined 10.7% to $42.51 after the company priced a 2.4 million share offering at $43 per share.</li>
<li>INVO Bioscience, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INVO#NASDAQ">INVO</a>) shares fell 9.8% to $1.10 after jumping over 20% on Monday.</li>
<li>StoneCo Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STNE#NASDAQ">STNE</a>) shares declined 9.6% to $15.04 after the company reported first-quarter financial results.</li>
<li>TeraWulf Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WULF#NASDAQ">WULF</a>) shares fell 9.4% to $2.03 after the company reported downbeat results for its first quarter on Monday.</li>
<li>Better Home &amp; Finance Holding Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BETR#NASDAQ">BETR</a>) declined 7.1% to $0.4135 following first-quarter results.</li>
<li>VinFast Auto Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>) fell 6% to $4.29.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/05/38815957/planet-fitness-to-rally-around-19-here-are-10-top-analyst-forecasts-for-tuesday">Planet Fitness To Rally Around 19%? Here Are 10 Top Analyst Forecasts For Tuesday</a>

Intraday Update

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AKYA

AUGX

BABA

BETR

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CTNT

DCTH

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MicroCloud Hologram Inc. - Ordinary Shares

HOLO

HROW

INVO

JAMF

MBIN

NOTV

NOVA

ONON

PSFE

RENT

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Sony Group Corporation American Depositary Shares

SONY

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STNE

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VUZI

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WULF

Why Alibaba Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

A multitude of stocks with high short interest ripped higher on Monday and continue to rally on Tuesday. The initial moves higher appear to be due to retail traders rushing into heavily shorted names, but the continued momentum may have more to do with short covering. Here&#8217;s what <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38818809/meme-stock-surge-bothers-former-sec-chair-as-gamestop-amc-shares-rise-nearly-80-on-">you need to know</a>.
What To Know: The rally in heavily shorted stocks this week got started when Keith Gill, best known as Roaring Kitty on YouTube and X or "DeepF&#x2A;&#x2A;&#x2A;ingValue" on Reddit, posted a simple <a href="https://twitter.com/TheRoaringKitty/status/1789807772542067105" target="_blank" rel="noreferrer noopener">meme</a> of a person leaning forward in a chair after being silent on social media for three years.
GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) was the first stock to move, but it didn&#8217;t take long before retail traders began targeting other stocks with <a href="https://www.benzinga.com/short-sellers/24/05/38822479/gamestops-david-vs-goliath-rematch-shorts-face-1-4b-loss-in-2024-as-roaring-kitty-returns">high short interest</a>.
If a stock has high short interest, it means many people are betting that it&#8217;s overvalued and poised to trade lower as a result. In order to short a stock, an investor must borrow shares from a brokerage and sell those shares in the open market. The goal is to then buy those shares back at a lower price, allowing the investor to profit from the difference.
If an unforeseen bullish catalyst pushes shares higher, short sellers may be forced to exit the trade by buying their shares back at higher prices. Such can result in a short squeeze, and retail traders are well aware. Retail often targets heavily shorted names in an attempt to induce short squeezes by forcing short sellers to cover their positions.
See Also: <a href="https://www.benzinga.com/short-sellers/24/05/38817374/gamestop-stock-skyrockets-as-roaring-kitty-returns-is-gme-short-squeeze-2-0-imminent">GameStop Stock Skyrockets As &#8216;Roaring Kitty&#8217; Returns: Is GME Short Squeeze 2.0 Imminent?</a>
Many of the outsized moves across markets to start the week are indicative of short covering. According to a CNBC <a href="https://www.cnbc.com/2024/05/13/gamestop-short-sellers-have-already-lost-1-billion-from-mondays-monster-rally.html">report</a> citing data from S3 Partners, short sellers in GameStop stock lost approximately $838 million on Monday.
"Expect short covering in this stock as it already had a 100/100 squeeze score prior to today's trading," Ihor Dusaniwsky, managing director of predictive analytics at S3, reportedly said. 
Short sellers are continuing to get wrecked on Tuesday, with GameStop shares up another 51.3% at the time of writing, per <a href="http://pro.benzinga.com">Benzinga Pro</a>. But GameStop isn&#8217;t the only retail name sending shockwaves across markets this week.
Dusaniwsky <a href="https://twitter.com/ihors3/status/1790406203048153377">noted</a> that AMC Entertainment Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) short sellers were down $127 million on Monday and are down another $244 million on Tuesday as of the time of writing.
SunPower Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) sits atop Fintel&#8217;s short squeeze leaderboard when sorted by short float. According to data from <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, 59.04% of SunPower's float is sold short. The stock was up approximately 55% at last check. Dusaniwsky reported that SunPower shorts lost about $19 million on Monday and are down another $94 million in midday mark-to-market losses Tuesday.
Beyond Meat Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) is another name with very high short interest. 36.87% of the float is currently sold short and the stock is up more than 21% at the time of writing. 
Plug Power Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) and Virgin Galactic Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NYSE">SPCE</a>) shares are also moving swiftly Tuesday with Plug shares up 28% and Virgin Galactic shares up 17%. Approximately 25% of Plug&#8217;s float is being sold short, while about 24% of Virgin Galactic shares are being shorted.
Other names that appear to be moving as a result of short covering include Clover Health, Tupperware Brands, FuelCell Energy and BlackBerry, among others.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/05/38820970/expect-rate-cuts-not-a-recession-fund-managers-most-bullish-on-stocks-in-over-2-years">Expect Rate Cuts, Not Recession: Fund Managers Most Bullish On Stocks In Over 2 Years</a>
Photo: Sergei Tokmakov from Pixabay.

Short Sellers Run Scared As Meme Stocks Roar: Why High Short Interest Stocks Keep Ripping

U.S. stocks were higher, with the Dow Jones gaining around 20 points on Tuesday.
Shares of Sony Group Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) rose sharply during Tuesday's session after the company reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/05/38814383/sony-surpasses-expectations-with-strong-q4-sales-plans-stock-split-and-stock-buyback">quarterly financial results</a>.
Sony Group reported fiscal fourth-quarter 2023 sales growth of 14% year-on-year to $23.49 billion (3.48 trillion Japanese yen), beating the analyst consensus estimate of $19.20 billion. EPS of $1.04 (153.60 yen) beat the analyst consensus estimate of 79 cents, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Sony Group shares gained 6.3% to $80.95 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>AMC Entertainment Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) shares rose 72.1% to $8.93 after surging 78% on Monday.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares jumped 61.7% to $49.24 after retail investor Roaring Kitty made a return to social media on Monday via a post on X. The company's stock jumped over 74% on Monday.</li>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) gained 62% to $4.4590 as high short-interest stocks gain amid the return of trader "Roaring Kitty" to social media. Additionally, the Biden administration raised tariffs on Chinese solar panels.</li>
<li>Big Lots, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIG#NYSE">BIG</a>) shares rose 39.7% to $5.18.</li>
<li>Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares gained 35% to $3.9165 after the company received a conditional commitment for an up to $1.66 billion loan guarantee from the Department of Energy.</li>
<li>MMTec, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) gained 33% to $6.48.</li>
<li>Harrow, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HROW#NASDAQ">HROW</a>) shares rose 29.3% to $15.61 after the company reported first quarter financial results.</li>
<li>Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) jumped 27% to $10.14 after retail investor Roaring Kitty made a return to social media on Monday via a post on X.</li>
<li>Delcath Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCTH#NASDAQ">DCTH</a>) surged 25.5% to $6.80 following upbeat quarterly results.</li>
<li>Tupperware Brands Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TUP#NYSE">TUP</a>) surged 25% to $2.20 after retail investor Roaring Kitty made a return to social media on Monday via a post on X.</li>
<li>AMTD Digital Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HKD#NYSE">HKD</a>) climbed 24.4% to $4.5191.</li>
<li>Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) rose 23.8% to $5.14 after the Biden administration raised tariffs on Chinese solar panels.</li>
<li>Paysafe Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSFE#NYSE">PSFE</a>) gained 23.6% to $19.37 as the company posted better-than-expected results for its first quarter.</li>
<li>Pacific Biosciences of California, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PACB#NASDAQ">PACB</a>) gained 23% to $2.3750 amid a renewed surge in the space after popular retail trader &#8216;Roaring Kitty&#8217; returned to social media.</li>
<li>FuelCell Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) rose 22.5% to $0.8745.</li>
<li>Virgin Galactic Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NYSE">SPCE</a>) gained 20.6% to $1.2550 as high-short interest stocks gain amid the return of trader &#8216;Roaring Kitty&#8217; to social media.</li>
<li>Hertz Global Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NYSE">HTZ</a>) climbed 19.7% to $6.55.</li>
<li>SmartRent, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMRT#NYSE">SMRT</a>) gained 17.5% to $2.82 after Land &amp; Buildings sent a letter to the Board urging the exploration of strategic alternatives.</li>
<li>BlackBerry Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>) climbed 16.7% to $3.61 after retail investor Roaring Kitty made a return to social media on Monday via a post on X.</li>
<li>On Holding AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>) rose 14.7% to $35.21 after the company reported better-than-expected first-quarter financial results.</li>
<li>Agilysys, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGYS#NASDAQ">AGYS</a>) rose 14.5% to $91.89 after the company reported better-than-expected quarterly financial results.</li>
<li>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) gained 11.3% to $3.1220.</li>
<li>Alcon Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALC#NYSE">ALC</a>) rose 9.6% to $88.47 following better-than-expected first-quarter earnings.</li>
<li>Bloom Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) rose 9.5% to $12.65.</li>
<li>Recursion Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>) gained 8.8% to $10.32. Recursion Pharmaceuticals recently announced the completion of BioHive-2.</li>
<li>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) gained 8.7% to $18.36. Roaring Kitty&#8217;s return may prompt retail investors to use the platform at a higher volume.</li>
<li>Biohaven Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHVN#NYSE">BHVN</a>) rose 8.4% to $36.62.</li>
<li>MP Materials Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>) gained 7.5% to $17.58. Benchmark analyst Subash Chandra reiterated MP Materials with a Buy and maintained a $30 price target.</li>
<li>Rent the Runway, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RENT#NASDAQ">RENT</a>) shares gained 7.4% to $21.45 after gaining over 12% on Monday.</li>
<li>Joby Aviation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) rose 7.3% to $5.42.</li>
<li>JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) gained 6.1% to $6.39.</li>
<li>Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) rose 6% to $63.79.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/05/38815957/planet-fitness-to-rally-around-19-here-are-10-top-analyst-forecasts-for-tuesday">Planet Fitness To Rally Around 19%? Here Are 10 Top Analyst Forecasts For Tuesday</a>

BHVN

FCEL

HOOD

JBLU

JOBY

PACB

ROKU

RXRX

Sony Group Posts Upbeat Earnings, Joins GameStop, Paysafe And Other Big Stocks Moving Higher On Tuesday

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
It was not long ago that Novavax (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvax-stock-quote/">NVAX</a>) was among the stocks with high short interest. The stock had been trending lower for an extended period. However, with one positive news, NVAX stock skyrocketed from February lows of $3.5 to 52-week high of $23.86.



This is just one example of short-squeeze stocks delivering multi-fold returns in quick time. In the meme euphoria of 2021, stocks with high short interest as a percentage of free-float was targeted by retail investors.



With the meme stock frenzy on the cards, short-squeeze stocks will again be in the radar. Even if a company with bearish sentiment delivers one good news, the stock can surge. The focus of this column is therefore on ideas that represent companies with average business fundamentals and overly negative sentiments.



It&rsquo;s best to steer clear of purely speculative ideas even when the overall market sentiment is bullish. Therefore, besides the short interest factor, let&rsquo;s look at the reasons to be bullish on these stocks for the near-term.



<h2>EVgo (EVGO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/04/evgo-clii-stock-300x169.jpg" alt="EVgo fast charging station"><div>Source: Sundry Photography / Shutterstock.com</div></div>Even after a correction of 50% in the last 12 months, short interest in EVgo (NASDAQ:<a href="https://investorplace.com/stock-quotes/evgo-stock-quote/">EVGO</a>) stock remains high. I see this as a good opportunity to accumulate with positive business catalysts likely to support reversal from depressed levels.



It&rsquo;s worth noting that EVgo has been reporting strong top-line growth. For Q1 2024, <a href="https://s27.q4cdn.com/370825096/files/doc_financials/2024/q1/2024-05-06-EVgo-Q1-2024-Earnings-Release.pdf">revenue increased</a> by 118% on a year-on-year basis to $55.2 million. During the quarter, the charging company added 250 new operating stalls. With 3,780 stalls under operation or under construction, it&rsquo;s likely that robust growth will sustain.



The concern has however been EBITDA level losses. Having said that, EBITDA loss for Q1 2024 was $7.2 million as compared to losses of $20.1 million in Q1 2023. It&rsquo;s likely that losses will continue to narrow on the back of operating leverage. EVgo has guided for <a href="https://s27.q4cdn.com/370825096/files/doc_financials/2024/q1/2024-05-07-EVgo-Q1-2024-Earnings-Presentation.pdf">adjusted EBITDA breakeven</a> in 2025.



Therefore, EVgo has robust growth outlook coupled with progress towards profitability. These factors are likely to translate into a sharp short-squeeze rally.



<h2>Aurora Cannabis (ACB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/acb_auroracannabis1600-300x169.png" alt="Closeup of mobile phone screen with logo lettering of cannabinoid company Aurora Cannabis (ACB, blurred marijuana leaf (focus on left part of letter R in center)"><div>Source: Ralf Liebhold / Shutterstock.com</div></div><a href="https://investorplace.com/industries/healthcare/cannabis/">Cannabis stocks</a> are likely to have a big breakout rally. The key reason being relatively friendly regulatory stance. Germany recently legalized cannabis, and in the United States, it is likely to be reclassified as a Schedule III drug.



At the same time, there are short-squeeze stocks that are likely to surge higher. Aurora Cannabis (NASDAQ:<a href="https://investorplace.com/stock-quotes/acb-stock-quote/">ACB</a>) stock looks attractive after remaining sideways for the last 12 months. With high short interest, I expect a 100% to 300% rally in quick time.



Specific to Aurora, presence in 15 global cannabis markets is a big positive. The company has already been delivering healthy growth in the medicinal cannabis business. It&rsquo;s likely that stellar growth will sustain in the coming years.



I must add that Aurora <a href="https://www.auroramj.com/press-releases/article/?id=123064">reported positive adjusted EBITDA</a> for the fifth consecutive quarter. The cannabis company has also reaffirmed its guidance for positive free cash flow for the current financial year. As financial flexibility improves, Aurora will be positioned to make aggressive investments.



<h2>Beyond Meat (BYND)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/bynd1600-1-1-300x169.png" alt="Editorial photo on Beyond Meat (BYND) theme. Illustrative photo for news about Beyond Meat - a producer of plant-based meat substitutes. BYND stock"><div>Source: photo_gonzo / Shutterstock.com</div></div>Beyond Meat (NASDAQ:<a href="https://investorplace.com/stock-quotes/bynd-stock-quote/">BYND</a>) is another name to consider with short interest of almost 40%. It&rsquo;s worth noting that BYND stock has declined sharply by 47% in the last 12 months. Concerns related to growth have impacted investor sentiment. However, the stock is deeply oversold and seems poised for a sharp reversal rally.



For Q1 2024, Beyond Meat <a href="https://investors.beyondmeat.com/news-releases/news-release-details/beyond-meatr-reports-first-quarter-2024-financial-results">reported revenue decline</a> of 18% on a year-on-year basis to $75.6 million. Adjusted EBITDA loss for the period was also significant at $32.9 million. Clearly, the business has been struggling and the same is reflected in the stock.



However, there are two potential positives. First, Beyond Meat is looking to bolster its balance sheet and achieve profitable operations. While equity dilution might be on the cards, it&rsquo;s likely that EBITDA level losses will narrow in the coming quarters.



Further, in April, the company launched Beyond IV at various grocery stores in the U.S. This is the company&rsquo;s &ldquo;<a href="https://investors.beyondmeat.com/news-releases/news-release-details/beyond-iv-fourth-generation-beyond-burgerr-and-beyond-beefr">meatiest, juiciest beef products yet</a>.&rdquo; Additionally, the product provides &ldquo;21g of plant-based protein and are made with avocado oil.&rdquo; It remains to be seen if the new launch can be a catalyst for renewed growth.&nbsp;



On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the <a href="https://www.investorplace.com">InvestorPlace.com</a>&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/3-short-squeeze-stocks-ready-to-break-the-chains-of-bearish-sentiment/">3 Short-Squeeze Stocks Ready to Break the Chains of Bearish Sentiment</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Short-Squeeze Stocks Ready to Break the Chains of Bearish Sentiment

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
With the current bullishness in the stock market and an anticipated sustained rally, it&rsquo;s best to steer clear of unstable stocks to sell.



Investors can effectively redirect their focus toward fruitful investments by offloading risky assets. Moreover, many investing pundits believe the stock market is currently littered with overhyped stocks. Hence, rotating out of overhyped stocks to sell could ensure portfolio stability ahead of a sustained bull run.



These three stocks to sell offer limited upside, marked by significant losses and stunted top-line growth. Each of these companies faces skepticism over their future prospects. Moreover, these stocks face a consistent pattern of negative returns. Hence, these combined factors cast doubt on their long-term viability and attractiveness as investments. Keep reading to learn more about three lackluster stocks to sell set to continue eroding shareholder value for the foreseeable future.&nbsp;



<h2>Lucid Group (LCID)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/lcid1600-2-300x169.png" alt="Lucid Air Touring sedan display at the Service Center. Lucid Motors (LCID) is a manufacturer of luxury EV Electric Vehicles."><div>Source: Jonathan Weiss / Shutterstock.com</div></div>Embattled Chinese EV maker Lucid Group (NASDAQ:<a href="https://investorplace.com/stock-quotes/lcid-stock-quote/">LCID</a>) was once a promising story in its burgeoning niche. However, while the saying goes, &ldquo;When the going gets tough, the tough get going,&rdquo; this adage doesn&rsquo;t quite hold up for Lucid.



Despite posting a 40% jump in EV deliveries on a year-over-year (YOY) basis in the first quarter (Q1), <a href="https://ir.lucidmotors.com/news-releases/news-release-details/lucid-announces-first-quarter-2024-financial-results">the firm delivered only 1,967 vehicles</a>. Moreover, it posted a sizeable net loss of $680.8 million, positioning the firm on a daunting path of financial losses.&nbsp;



Once again, the Saudi Private Investment Fund swooped in to rescue the company, <a href="https://ir.lucidmotors.com/news-releases/news-release-details/lucid-group-inc-announces-investment-10-billion-affiliate-pif">injecting a fresh $1 billion</a>. This move highlights the substantial funding needed to keep the company afloat.



Moreover, the company&rsquo;s $172 million for the quarter fell short of expectations by $10 million. This shortfall in sales and heavy capital expenditures needed to scale production paints a grim picture of Lucid&rsquo;s financial health.



<h2>AMC Entertainment (AMC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/05/amc1600-8-300x169.png" alt="Person holding cellphone with website of US company AMC Entertainment Holdings Inc. on screen in front of logo. AMC stock"><div>Source: T. Schneider / Shutterstock.com</div></div>AMC Entertainment (NYSE:<a href="https://investorplace.com/stock-quotes/amc-stock-quote/">AMC</a>) is one of the most popular <a href="https://investorplace.com/stock-types/meme-stocks/">meme stocks</a> that continues struggling to show signs of a durable recovery. It has capitalized on its bloated meme stock valuations to attract investor capital through successive dilutive share offerings. Despite the efforts and ventures into new income streams such as the AMC-branded candy, the cinema giant reported <a href="https://investor.amctheatres.com/sec-filings/all-sec-filings/content/0001411579-24-000034/amc-20240331x10q.htm">a staggering $100 million net loss</a> in its most recent quarter.



Moreover, AMC&rsquo;s challenges are further exacerbated by a 5.8% YOY drop in U.S. attendance in Q1 and a massive $268 million cash burn over the past year. With the secular shift towards streaming services, that trend will likely continue. The shift to streaming effectively reshapes the entertainment landscape, suggesting that the company&rsquo;s current strategies must be revised. Consequently, we&rsquo;ve seen the stock tank 88% last year and more than 98% in the past five years.



<h2>Beyond Meat (BYND)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/bynd1600-1-1-300x169.png" alt="Editorial photo on Beyond Meat (BYND) theme. Illustrative photo for news about Beyond Meat - a producer of plant-based meat substitutes. BYND stock"><div>Source: photo_gonzo / Shutterstock.com</div></div>Beyond Meat (NASDAQ:<a href="https://investorplace.com/stock-quotes/bynd-stock-quote/">BYND</a>) is another popular meme stock,&nbsp; offering little stability or potential growth catalysts ahead. It recently posted <a href="https://investors.beyondmeat.com/news-releases/news-release-details/beyond-meatr-reports-first-quarter-2024-financial-results">a worrying 18% slump in sales</a> with $54 million in net losses. For the past eight consecutive quarters, BYND has posted negative sales growth and a negative EPS. Despite riding the wave of the plant-based eating trend at its peak from 2016 to 2019, it has consistently posted net losses since 2016.



The CEO of Beyond Meat admitted the drop in demand for several products, including the soon-to-be-discontinued Beyond Meat Jerky. The overall softness in demand points to deeper issues with the firm&rsquo;s product lineup and lackluster market strategy. Though the retail trading frenzy momentarily reignited interest in the stock, banking on a potential short squeeze is speculative at best. Hence, it&rsquo;s best to avoid investing in BYND stock, as it continues to burn shareholder value.



On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor&rsquo;s of science degree in applied accounting from Oxford Brookes University.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/3-stocks-to-flee-before-they-fall-off-a-financial-cliff/">3 Stocks to Flee Before They Fall Off a Financial Cliff</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Stocks to Flee Before They Fall Off a Financial Cliff

Warning: BYND is at high risk of performing badly

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The <a href="https://investorplace.com/stock-types/meme-stocks/">meme stocks</a> are back, but should you get involved? This group of stocks shouldn&rsquo;t be too quickly dismissed. Investors can find some gems for their portfolios. However, many of these stocks continue to have troubled business models. That&rsquo;s the common thread when identifying meme stocks to sell. &nbsp;



Meme stocks were made popular by the sub-Reddit group WallStreetBets. This group is known for having members willing to take big swings on stocks that have a high risk-reward potential. &nbsp;



The attraction of meme stocks is not in a company&rsquo;s fundamentals. Rather, retail investors in these stocks hope to take advantage of high short interest that can cause a short squeeze. This occurs when many investors are short selling a stock and the stock&rsquo;s price moves higher, it forces short sellers to buy the stock at the higher price to cut their losses. This, in turn, pushes the stock higher which causes more short sellers to exit. &nbsp;



However, the existence of high short interest by itself doesn&rsquo;t ensure a short squeeze. And one characteristic of these meme stocks to sell is that they didn&rsquo;t get a boost from the recent meme stock rally. &nbsp;



<h2>Beyond Meat (BYND)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/bynd1600-1-1-300x169.png" alt="Editorial photo on Beyond Meat (BYND) theme. Illustrative photo for news about Beyond Meat - a producer of plant-based meat substitutes. BYND stock"><div>Source: photo_gonzo / Shutterstock.com</div></div>If you simply look at short interest, you can understand why Beyond Meat (NASDAQ:<a href="https://investorplace.com/stock-quotes/bynd-stock-quote/">BYND</a>) would be thought of as a candidate for a short squeeze. Short interest on BYND stock is 39.85 and it has a 9.8 short interest ratio. The short interest ratio measures how many days short sellers will need on average to cover their positions by borrowing all their borrowed shares.&nbsp;



But where will the buyers come from? The problem is two-fold. When Beyond Meat came on the scene, it was the only game in town. That meant in addition to having to educate consumers it had to overcome a price premium of about 67%. A recent <a href="https://gfi.org/marketresearch/" target="_blank">survey from the </a><a href="https://gfi.org/marketresearch/" target="_blank">Good Food Institute</a> shows the price premium has come down, but it&rsquo;s not at parity. And the same survey showed that the primary reason consumers avoid plant-based meat is they don&rsquo;t like the taste. &nbsp;



In the meantime, revenue is falling year-over-year that leaves little hope for the company turning a profit which is <a href="https://investorplace.com/2024/06/3-stocks-to-flee-before-they-fall-off-a-financial-cliff/" target="_blank">something it hasn&rsquo;t done</a> since it went public. &nbsp;



<h2>BlackBerry (BB)</h2>



<div><img width="300" height="165" src="https://investorplace.com/wp-content/uploads/2017/10/best-smartphones-2017-BlackBerry-KeyOnr-MSN-300x165.jpg" alt="blackberry stock"><div>Source: BlackBerry</div></div>Meme stock fans have been aware of the BlackBerry (NYSE:<a href="https://investorplace.com/stock-quotes/bb-stock-quote/">BB</a>) pivot. Others, like yours truly, were not even aware the company was still publicly trading until I came across them a couple of years ago.&nbsp;



At that time, the company was in the final stages of selling off the patents for its legacy mobile devices. Today, it&rsquo;s a cybersecurity/software company with a little bit of automotive semiconductor/sensor technology mixed in. &nbsp;



The common thread is that the company faces significant competition in each of these areas. It may be able to <a href="https://investorplace.com/2024/06/3-meme-stocks-to-sell-before-e-trade-gives-roaring-kitty-the-boot/" target="_blank">carve out a niche</a>, but it&rsquo;s hard to see that becoming something for investors to get excited about. &nbsp;



The company has managed to post a profit in the last two quarters. That&rsquo;s been due to <a href="https://www.blackberry.com/us/en/pdfviewer?file=/content/dam/bbcomv4/blackberry-com/en/company/investors/2024/BlackBerry-Separation-and-Path-to-Profitability-Investor-Briefing-021324.pdf" target="_blank">aggressive cost-cutting measures</a>. However, addition by subtraction only gets you so far. If nostalgia is your thing, BB stock is one to root for, but with the stock down 21% in a month when meme stocks went crazy should tell you why BlackBerry belongs on a list of meme stocks to sell. &nbsp;



<h2>Peloton (PTON)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/pton1600-300x169.jpg" alt="Peloton (PTON stock) sign on city storefront. Peloton layoffs"><div>Source: JHVEPhoto / Shutterstock.com</div></div>Peloton (NASDAQ:<a href="https://investorplace.com/stock-quotes/pton-stock-quote/">PTON</a>) is a good reminder that a product and a stock are not the same. By many accounts, the company makes quality exercise equipment. And savvy investors who jumped on PTON stock in early 2020 got a big payoff. However, <a href="https://investorplace.com/2024/06/3-stocks-no-one-in-their-right-mind-would-own-right-now-june-edition/" target="_blank">those investors took profits a long time ago</a>. &nbsp;



What investors face now is a company that has a <a href="https://investor.onepeloton.com/static-files/c03e5799-62a2-4f7a-aed3-6eab9bdcf1a6" target="_blank">large and stable customer base</a>, but not necessarily a growing one. The company is posting year-over-year declines on the top line and has over <a href="https://invezz.com/news/2024/06/19/peloton-stock-price-is-risky-but-technicals-point-to-a-rebound/" target="_blank">$1.6 billion in long-term debt</a>. In fairness, the company has restructured some of&nbsp;that debt so much of it doesn&rsquo;t mature until 2029. However, Peloton is on track to deliver negative free cash flow of $60 million for fiscal year 2024. With the company running remaining unprofitable, that&rsquo;s tough math for investors.&nbsp;&nbsp;



Short interest in PTON stock is around 18.5% and has increased 52% in the last month. Not surprisingly, the stock is down 3.3% in that time. There may be an opportunity for investors inclined to short the stock, but it&rsquo;s hard to see long-term upside with this meme stock. &nbsp;



On the date of publication, Chris Markoch did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"> Publishing Guidelines.</a>&nbsp;
<div>Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. He has been writing for InvestorPlace since 2019.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/3-meme-stocks-to-sell-with-no-short-squeeze-in-sight/">No Short Squeeze Coming: 3 Meme Stocks to Sell and Forget About </a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

No Short Squeeze Coming: 3 Meme Stocks to Sell and Forget About

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Food tech is becoming increasingly relevant in the <a href="https://www.icl-group.com/blog/food-tech-trends-2024-sustainability-diversity-wellness/#:~:text=Food%20tech%20trends%20in%202024,color%2C%20texture%2C%20and%20flavor.">global shift</a> towards more sustainable practices and diets. To fight climate change and its adverse effects on our planet, consumers strongly prefer plant-based and vegan diets and brands that use sustainable sources.&nbsp;



There is no better time to invest in food <a href="https://investorplace.com/industries/technology/">tech stocks</a>. Thanks to the attention of the mainstream consumer, the market as a whole is showing more potential than ever before. These three stocks, which specialize in using food tech to support the call for eco-friendly practices and products, are riding that wave of change and benefitting most from the green transition.



Let&rsquo;s learn all about what technology these stocks have to bring to the table, where their efforts towards sustainable food have gotten them so far, and where it will take them from here.



<h2>Local Bounti (LOCL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/01/plant-based-food-1600-300x169.png" alt="On a white table sits bowls of nuts, fruit, and seeds, while vegetables like brocolli, carrots, and mushrooms sit on the table"><div>Source: Tatjana Baibakova / Shutterstock</div></div>Local Bounti (NYSE:<a href="https://investorplace.com/stock-quotes/locl-stock-quote/">LOCL</a>) is an agriculture tech company looking to revamp the face of traditional agriculture practices using its patented, cutting-edge technology. Local Bounti utilizes its <a href="https://investors.localbounti.com/news-events/press-releases/detail/65/local-bounti-receives-patent-for-stack-flow-technology">&ldquo;Stack and Flow&rdquo;</a> farming method, combining the best aspects of hydroponic and vertical farming to produce an ultra-sustainable agriculture system.



What are the benefits of Stack and Flow? According to Local Bounti, the system uses <a href="https://localbounti.com/about-us/">90% less water and 90% less land</a> than traditional farming methods. The company also claims that its lettuce and leafy greens have a much longer shelf life than similar products produced by conventional farming methods.



The good news for investors is that Local Bounti&rsquo;s state-of-the-art tech and high-quality products bring success and growth to the company. In Q1,<a href="https://investors.localbounti.com/news-events/press-releases/detail/71/local-bounti-announces-first-quarter-2024-financial-results"> sales increased by 25%</a> year-over-year. Although the company maintained a flat net loss, Local Bounti implemented cost-cutting methods to lower selling, general, and administrative expenses by more than half.



The Q1 report also discussed the company&rsquo;s expansion plans for new facilities and additional operating capacity to be added to existing ones funded by $228 million of financing commitments. Local Bounti also announced new market penetration and obtained new retail customers.



Local Bounti has a bright future and has the technology to assert itself as a pivotal part of the continuing transition to more sustainable practices within the food tech market.



<h2>Beyond Meat (BYND)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/bynd-stock-2-300x169.jpg" alt="a package of Beyond Meat (BYND) vegan sausages"><div>Source: calimedia / Shutterstock.com</div></div>In addition to farming, there is a growing demand for plant-based substitutes as veganism and plant-based diets become increasingly popular. Beyond Meat (NASDAQ:<a href="https://investorplace.com/stock-quotes/bynd-stock-quote/">BYND</a>) is the leader in the ever-increasing plant substitute market, and no other brand is more well-established in restaurants and supermarkets.



According to Beyond Meat&rsquo;s website, its products are sold in <a href="https://www.beyondmeat.com/en-US/faqs#:~:text=You%20can%20find%20Beyond%20Meat,store%20or%20restaurant%20near%20you.">over 190,000 stores</a> and restaurants in more than 80 countries worldwide. Such popularity has brought Beyond Meat success and attention, including celebrity endorsement deals and product placement.&nbsp;



In its most recent quarter, Beyond Meat reported a slight dip in revenue and profit margin but has managed to <a href="https://investors.beyondmeat.com/news-releases/news-release-details/beyond-meatr-reports-first-quarter-2024-financial-results">cut its net loss down</a> year-over-year by over $4 million. Beyond Meat is gaining more recognition, and despite its lack of profit, the long-term outlook for this company only gets better as more consumers worldwide transition to plant-based products.



The company is currently debuting new products in its latest <a href="https://investors.beyondmeat.com/news-releases/news-release-details/beyond-meatr-expands-beyond-iv-product-line-debut-new-beyond">Beyond IV product line</a>, which utilizes sustainable and natural ingredients like avocado oil and plant-based proteins to appeal to modern consumers.&nbsp;



Beyond Meat has a firm grip on the plant-based market. It continues to push itself, spending almost <a href="https://investors.beyondmeat.com/news-releases/news-release-details/beyond-meatr-reports-first-quarter-2024-financial-results">$10 million on research and development</a> to develop the latest food tech and superior plant-based meat substitute products. Beyond Meat&rsquo;s products appeal to the modern consumer more than ever, and there&rsquo;s no better time to invest before this stock explodes.



<h2>Corteva (CTVA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/ctva-1600-300x169.jpg" alt="A Corteva (CTVA) sign in Indianapolis, Indiana."><div>Source: Jonathan Weiss / Shutterstock</div></div>Corteva (NYSE:<a href="https://investorplace.com/stock-quotes/ctva-stock-quote/">CTVA</a>) is a spinoff of the former DowDuPont agricultural unit. The company functions as a developer and frontrunner in agricultural science, developing technology for crop protection in pesticides, fungicides, and herbicides and high-quality, top-performing seeds of all kinds.



Corteva&rsquo;s primary focus is supporting the development of its tech and expanding the availability of its products and services worldwide. In its most recent quarter, Corteva saw year-over-year <a href="https://investors.corteva.com/static-files/16e6a6ac-041a-4e54-be4b-4598f509c9e5">growth of 11% in net sales</a> for seeds in North America.&nbsp;



Despite some slower sales in other parts of the world, management reaffirmed its guidance to reach net sales in the range of $17.4 billion to $17.7 billion for the full year, up from the reported <a href="https://investors.corteva.com/static-files/5a5896f5-32d1-407f-9dcb-f60e9f5e4d22">$17.23 billion in net sales for 2023</a>.



The agriculture industry is not easy, but Corteva&rsquo;s continued investment in technology and the success of its expansion strategy could mean great things for this crop protection and seed stock.



On the date of publication, Joel Lim did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Joel Lim is a contributor at InvestorPlace.com and a finance content contractor who creates content for several companies like LTSE and Realtor, along with financial publications, including Business Insider, Yahoo Finance, Mises Institution and Foundation for Economic Education.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/the-top-3-food-technology-stocks-to-buy-to-feast-on-profits/">The Top 3 Food Technology Stocks to Buy to Feast on Profits</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The Top 3 Food Technology Stocks to Buy to Feast on Profits

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Plant-based meat maker Beyond Meat (NASDAQ:<a href="https://investorplace.com/stock-quotes/bynd-stock-quote/">BYND</a>) is not an enticing long-term investment for conservative market participants. The company has consistently lost money. In addition, after posting revenue of $464.7 million in 2021, it has seen sales growth erosion. That&rsquo;s not what you want to see for an industry that&rsquo;s expected to blossom. Still, BYND stock could be a quick scalping opportunity for the contrarian trader.



Fundamentally, Beyond Meat should perform better than it has. Since the start of the year, BYND stock has dropped almost 19%. In the past 52 weeks, it slipped more than 44%. Those aren&rsquo;t encouraging stats, not when Grand View Research is projecting that the global plant-based meat market could be <a href="https://www.grandviewresearch.com/industry-analysis/plant-based-meat-market">worth $24.8 billion by 2030</a>.



In 2022, experts reported that the sector reached a valuation of $4.4 billion. So, a move to $24.8 billion would imply a compound annual growth rate (CAGR) of 24.9%. But as I mentioned, Beyond Meat has seen its sales growth decline over the last two years.



To reiterate, BYND stock does not make for a comfortable long-term investment. It could, however, make for an enticing short-term trade.



<h2>High Short Interest Could Panic the Bears</h2>



One of the intriguing dynamics about BYND stock is that options traders appear slightly bearish on the idea. 



According to Barchart&rsquo;s <a href="https://www.barchart.com/stocks/quotes/BYND/options-flow">options flow screener</a> &ndash; which exclusively filters for big block transactions likely placed by institutional investors &ndash; the net trade sentiment for BYND options during the June 24 session came in at $21,400 below breakeven. In other words, the wagers slightly leaned bearishly.



However, among options with bearish sentiment, the biggest premiums centered on options with expiration dates of Aug. 16 or later. The rest of the pessimistic transactions mostly featured expiration dates of June 28, which is this Friday. As well, the strike prices range between $6 and $10.



As mentioned above, it&rsquo;s no surprise that many folks are betting against BYND stock as a long-term investment. But betting against it in the short term? That&rsquo;s risky because of the underlying high <a href="https://fintel.io/ss/us/bynd">short interest</a>. According to Fintel, this metric stands at 39.09% of the float. Further, the short interest ratio &ndash; or the time needed for the bears to exit their entire positions &ndash; clocks in at 13.22 days to cover.



All it may take is a sudden upward price movement to panic out the weak-handed bears. Subsequently, the act of covering a short position involves buying back the underlying equity. Of course, that would be exceptionally bullish for those who are (temporarily) long BYND stock.



<h2>Trade of the Day: Go Contrarian on BYND Stock</h2>



With the above framework in mind, today&rsquo;s trade of the day is straightforward: Buy BYND stock in the open market. 



By going contrarian, you can potentially help squeeze out the bears, who may panic out of their positions. Doing so may create a positive feedback loop that could inspire more short covering, thus driving up shares.



<a href="https://investorplace.com/wp-content/uploads/2024/06/bynd-stock-trade-of-the-day.jpg"><img width="1024" height="615" src="https://investorplace.com/wp-content/uploads/2024/06/bynd-stock-trade-of-the-day-1024x615.jpg" alt="" /></a>Chart by Josh Enomoto, InvestorPlace.com One could also take a leveraged bet with call options. One high-risk, high-reward idea is to consider <a href="https://www.barchart.com/stocks/quotes/BYND%7C20240719%7C7.00C/overview">19 July 2024 $7 calls</a>. With an expiration date 3.5 weeks from now, traders will have some time for BYND stock to rise above the $7 strike. Further, the 7.69% bid-ask spread, while wide compared to high-volume options, is decent for how speculative this transaction is.



A final word of caution, though. Should BYND stock explode higher, you may want to consider booking those profits. With the company having lost almost 96% of value in the past five years, sustainability risks run hot.



On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/06/trade-of-the-day-beyond-meat-bynd-stock-is-cooking-a-contrarian-trade/">Trade of the Day: Beyond Meat (BYND) Stock Is Cooking a Contrarian Trade</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Trade of the Day: Beyond Meat (BYND) Stock Is Cooking a Contrarian Trade

McDonald's points to soft customer demand for plant-based food options

Meme and highly shorted stocks are on watch after Roaring Kitty takes stake in Chewy

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Plant-based <a href="https://investorplace.com/industries/consumer-staples/food/">food stocks</a> to sell might be your ticket to dodging market volatility.



The vegan industry is in decline, and industry trends suggest caution. 2023 was another year of dropping sales for plant-based meat and seafood, with <a href="https://www.fooddive.com/news/plant-based-meat-sales-continue-decline-consumers-demand-lower-prices/713891/">The Good Food Institute reporting a 1.2% decline</a> in retail sales to $8.1 billion. Hence, despite efforts to brand these products as healthier and more sustainable, the market seems unreceptive at this time.



Moreover, reports show that 95% of plant-based product consumers also eat conventional meat. Therefore, the current scenario for plant-based food stocks is precarious, with companies scrambling to bridge the gap in quality and lower prices.



That said, here are three struggling plant-based food stocks to sell that offer investors little to no upside potential. These businesses have yet to gain significant traction and continue to buckle under the pressures exerted by the current economic environment.



<h2>Beyond Meat (BYND)</h2>



<div><img width="300" height="300" src="https://investorplace.com/wp-content/uploads/2024/02/bynd1600-1-300x300.png" alt="An image of a package of Beyond Burger Plant-Based Patties."><div>Source: Beyond Meat</div></div>Beyond Meat&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/bynd-stock-quote/">BYND</a>) was once a darling of the vegan boom but now finds itself down in the doldrums. BYND offers little to no stability without meaningful growth catalysts for its investors. The stock has plummeted from its all-time high of $234.90 in July 2019 and is currently trading at just $6.80.



The firm has recorded negative sales growth for the past eight consecutive quarters, including <a href="https://seekingalpha.com/filing/8646620?source=section%3Aearnings_summary%7Csection_asset%3Aearnings_history%7Cfirst_level_url%3Asymbol%7Cbutton%3Afiling-10-Q">a concerning 18% drop in the first-quarter (Q1) alone</a>. Additionally, its net income margin has nosedived to an alarming negative 103%, a major deterioration from its five-year average.



Furthermore, its CEO recently admitted to declining demand for key products such as the soon-to-be-discontinued Beyond Meat Jerky. While retail traders briefly sparked interest in the stock, such moves are incredibly speculative. Hence, Wall Street analysts assign the stock a&nbsp;&lsquo;moderate sell&rsquo; rating, <a href="https://www.tipranks.com/stocks/bynd/forecast#google_vignette">expecting an 18% drop</a> from its current price.



<h2>Hain Celestial (HAIN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/10/hain-stock-1-300x169.jpg" alt="The logo for Hain Celestial (HAIN) displayed on a smartphone screen in front of an American flag."><div>Source: IgorGolovniov / Shutterstock.com</div></div>Hain Celestial&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/hain-stock-quote/">HAIN</a>) is another speculative vegan play specializing in producing and selling organic and natural products.



Like its peers, Hain&rsquo;s financial trajectory has left a lot to be desired. <a target="_blank" href="https://seekingalpha.com/symbol/HAIN/earnings">Over the past 10 quarters</a>, the company has beaten revenue estimates on just one occasion, revealing a troubling pattern of underperformance.



The company recently admitted failing to execute its growth strategy, particularly with its Terra snacks business and streamlining its broad personal care segment. Terra&rsquo;s heavy dependence on club store sales channels indicates a dire need for wider distribution strategies.



Despite some progress in reducing debt, Hain&rsquo;s net leverage ratio remains remarkably high, posing questions about its financial flexibility. Hain Celestial stands on shaky ground with a financial strength rating of <a target="_blank" href="https://www.gurufocus.com/stock/HAIN/summary#financial-strength--1660927349161">just 5 out of 10 from Gurufocus</a> and an Altman Z score indicating distress. Hence, investing in HAIN stock offers little to no upside potential.



<h2>Oatly (OTLY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/06/otly-1600-300x169.jpg" alt="otly stock Rolled oats or oat flakes in bowl with wooden spoons"><div>Source: Vladislav Noseek / Shutterstock.com</div></div>Oatly (NASDAQ:<a href="https://investorplace.com/stock-quotes/otly-stock-quote/" target="_blank">OTLY</a>) is known for its broad product portfolio, which covers everything <a href="https://finance.yahoo.com/quote/OTLY/profile/">from oat milk </a>to trendy creamers, showcasing an array of oat-based delights. Despite its product variety, its performances have been lackluster, and its financial health raises major concerns. Its cash runway is remarkably short, <a href="https://seekingalpha.com/symbol/OTLY/cash-flow-statement">with a negative $68 million</a> in trailing-twelve-month (TTM) free cash flows.



Its balance sheet continues to be weighed down by consistent losses, including its most recent net loss of $45.8 million in Q1. Moreover, its progress has been overshadowed by a dwindling cash reserve, which decreased to $209 million from $249.3 million every quarter.



Market competition is another major problem for Oatly, as it continues to face competition from supermarket generics and other oat-based brands. Additionally, supply chain inefficiencies and an unreliable timeline for reaching profitability suggest that Oatly&rsquo;s journey toward financial stability will likely be rocky from here on.



On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;
<div>Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor&rsquo;s of science degree in applied accounting from Oxford Brookes University.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/3-plant-based-food-stocks-to-sell-in-july-before-they-crash-burn/">3 Plant-Based Food Stocks to Sell in July Before They Crash &amp; Burn</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Plant-Based Food Stocks to Sell in July Before They Crash & Burn

CHWY

CTVA

EVGO

HAIN

LMND

LOCL

OTLY

PLCE

PTON

TRUP

Screenshot 2024-04-08 at 5.44.11 PM

From AI To Foodtech, OurCrowd Brings More Opportunities To Investors With Three New Funds

Press Releases

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Beyond Meat, Inc. - BYND

Beyond Meat® Unveils New and Expanded Line of Beyond Crumbles, Now Certified by the American Heart Association's Heart-Check Program and the American Diabetes Association's Better Choices for Life Program

Beyond IV, the Fourth Generation of the Beyond Burger® and Beyond Beef®, Debuts at Grocery Stores Across the U.S. Including at Walmart and Kroger

Beyond Meat® to Report First Quarter 2024 Financial Results on May 8, 2024

Beyond Meat

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