Beyond Meat Heads North of the Border

Beyond Meat had tested its beef patties with McDonald's in Canada

Managing Editor
Dec 11, 2019 at 9:57 AM
facebook X logo linkedin


The shares of Beyond Meat Inc (NASDAQ:BYND) are up 1.1% to trade at $75.46 today, after the company announced the launching of Beyond Beef in Canada. This is the faux meat concern's first foray outside of the U.S., and had previously linked with McDonald's (MCD) to test a new plant-based burger in Canada using Beyond Meat patties.

As the weather turned cold, so did Beyond Meat stock. The shares are down 49% in the last three months, and face stiff pressure from their descending 30-day moving average. Nevertheless, BYND is still up 64% from its May 2 opening price of $46.

There's a tremendous amount of skepticism surrounding the equity. Of the 12 brokerages handing out ratings, eight give it a "hold" or "strong sell." And among short sellers, short interest increased by 30% in the two most recent reporting periods, and accounts for a hefty 29% of BYND's total available float.

Now is an opportune time to speculate on BYND's short-term trajectory with options. The stock's Schaeffer's Volatility Index (SVI) of 50% is in the 1st percentile of its annual range, meaning short-term options on the security are relatively inexpensive at the moment, from a volatility standpoint.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI