Beyond Meat depreciates 4.7% with $10.33 as the low of the day

Published: May 27 2023, 05:26 GMT+0

Beyond Meat depreciates 4.7% with $10.33 as the low of the day

A quick look at yesterday: the LA-based meat substitute company hovered around the $10.35 level after closing Thursday at $10.86 and shedding 4.7%, as it reached reached yesterday's session close.

Following a previous reading of 0.3%, Core Durable Goods Orders in United States released yesterday at 12:30 UTC fell short of the 0% figure expected by analysts with an actual reading of -0.2%.

Amid the market gloom, United States Core PCE Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 193,100, while the previous figure was 191,500.

On the other hand, positive performances could be seen by looking at other consumer staples stocks as Costco traded at $507.26 after closing yesterday's trading day at $486.55 (up 4.26%). Anheuser-Busch traded at $57.15 after closing yesterday's trading day at $56.87 (up 0.49%). Walmart was up 0.18%.

Over the past 9 months, the plant-based meat substitute supplier has retreated 72.37% from a noteworthy peak of $39.31.

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