Beyond Meat Target of Unusually Large Options Trading (NASDAQ:BYND)

Beyond Meat, Inc. (NASDAQ:BYND) was the target of unusually large options trading activity on Wednesday. Stock investors acquired 24,928 call options on the stock. This represents an increase of approximately 30% compared to the average daily volume of 19,190 call options.

Beyond Meat Price Performance

BYND opened at $4.32 on Thursday. Beyond Meat has a fifty-two week low of $3.30 and a fifty-two week high of $12.12. The firm has a market capitalization of $281.66 million, a price-to-earnings ratio of -1.03 and a beta of 2.31. The company’s 50 day moving average price is $3.86 and its two-hundred day moving average price is $5.21.

Insiders Place Their Bets

In other news, insider Ethan Brown sold 313,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $3.75, for a total value of $1,173,750.00. Following the completion of the transaction, the insider now directly owns 1,703,288 shares in the company, valued at approximately $6,387,330. The trade was a 15.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 8.60% of the company’s stock.

Institutional Investors Weigh In On Beyond Meat

A number of institutional investors have recently modified their holdings of BYND. Intech Investment Management LLC acquired a new position in Beyond Meat during the third quarter worth $128,000. Charles Schwab Investment Management Inc. raised its holdings in Beyond Meat by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 522,894 shares of the company’s stock worth $3,545,000 after buying an additional 7,332 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Beyond Meat by 16.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,901 shares of the company’s stock worth $257,000 after buying an additional 5,419 shares during the last quarter. Ballentine Partners LLC acquired a new position in Beyond Meat during the fourth quarter worth $39,000. Finally, Zweig DiMenna Associates LLC acquired a new position in Beyond Meat during the fourth quarter worth $1,746,000. 52.48% of the stock is owned by institutional investors.

Beyond Meat Company Profile

Beyond Meat, Inc, a plant-based meat company, develops, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells a range of plant-based meat products across the platforms of beef, pork, and poultry. It sells its products through grocery, mass merchandiser, club stores, and natural retailer channels, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools.