What's Going on With Beyond Meat Stock On Wednesday?
Beyond Meat selects a 1-for-30 reverse stock split as its shares struggle, with the move designed to boost the price and maintain Nasdaq listing.
Beyond Meat is combining 30 old shares into 1 new share to make the price look higher—a trick to stay listed on the big stock exchange. When a company does this, it's usually because the stock has been struggling, so watch how the company's actual business is doing.
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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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