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U.S. stock futures were mixed this morning, with the Dow futures falling around 50 points on Friday.
24/7 Insights Beyond Meat Inc. (NASDAQ: BYND) stock soared in its debut in 2019.
A restructuring could leave investors holding the bag.
The plant-based meat craze may be over for one of the industry's top companies likely on its way out. Beyond Meat (NASDAQ: BYND ) stock once traded at more than $230 per share as consumers bought up its products.
The vegan meat player is reportedly looking to renegotiate its current debt to bondholders. Continued losses and shrinking revenue underscore the likelihood that Beyond Meat is being forced into these discussions.
U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 50 points on Thursday.
Beyond Meat has engaged with a group of bondholders to initiate discussions about a balance-sheet restructuring, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
The U.S. markets are trading at all-time highs, and gold is nearing $2,500 an ounce. Little doubt exists that a rate cut is coming soon.
New tissue engineering and regenerative medicine techniques are pushing the cultured meat industry forward, which will be a boon for cultured meat stocks. The methods of producing cultured meat are improving, making it cheaper and improving texture to resemble ordinary meat.
As the market transitions into the second half of 2024, JPMorgan's equity research analysts have identified several companies they believe are ready to be shorted.