When the plant-based food revolution started to gain some real momentum a few years back, everybody thought Beyond Meat (BYND) was going to win big. Beyond Meat was the first big plant-based company to go public, and investors went nuts in the days and weeks after its initial public offering (IPO). Share prices jumped from $25 in May to more than $234 in July.
Armed with that enormous momentum, it’s easy to understand why an investor might have wanted to put $10,000 in BYND stock at the time. But they sure would be kicking themselves over it now.
