Beyond Meat Stock Falls After Announcing 1-for-30 Reverse Stock Split
Beyond Meat Inc. (NASDAQ: BYND) shares are trading lower after the company announced a 1-for-30 reverse stock split.
Beyond Meat is combining 30 old shares into 1 new share—like trading 30 dimes for 3 dollars. When companies do this, it often means the stock price got very low, which can worry investors about whether the company is doing well.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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