Recent Security Class Actions

Beyond Meat Inc. Common Stock (NASDAQ: BYND)

Company Name:Beyond Meat Inc. Common Stock
Stock Symbol:NASDAQ: BYND
Class Period Start:05/05/2020
Class Period End (inclusive):10/13/2022
Filing Deadline:07/10/2023

On November 10, 2021, post-market, the Company disclosed a $1.8 million inventory write-off, which it attributed to effects from Covid-19. On this news, shares of Beyond Meat fell $12.55 per share, or nearly 13%, to close at $81.93 per share on November 11, 2021.  Then, on December 9, 2021, media sources reported that Taco Bell had cancelled a planned test of Beyond Carne Asada due to ongoing quality concerns. On this news, shares of Beyond Meat fell $5.58 per share, or nearly 8%, to close at $64.51 per share on December 10, 2021. Finally, on October 14, 2022, pre-market, the Company disclosed the departure of its COO, CFO and CGO. On this news, shares of Beyond Meat fell $1.43 per share, or over 9.6%, to close at $13.35 per share on October 14, 2022.