Beyond Meat Drops Below $1 Before Holiday Weekend
Beyond Meat shares closed Friday at $0.77, down 2.9%, falling below $1 ahead of the Memorial Day market closure. The stock lost 4.77% for the week, lagging the broader Nasdaq, and faces pressure to regain compliance with the exchange’s minimum bid rule. First-quarter revenue dropped 15.3% to $58.2 million, with a net loss of $28.5 million. Shareholders rejected executive pay in a recent advisory vote.
