Beyond Meat Sees Unusually High Options Volume (NASDAQ:BYND)

Beyond Meat, Inc. (NASDAQ:BYND - Get Free Report) was the target of unusually large options trading on Wednesday. Traders purchased 24,928 call options on the company. This is an increase of 30% compared to the typical volume of 19,190 call options.

Beyond Meat Price Performance

BYND stock traded down $0.06 during trading hours on Friday, reaching $4.02. 4,320,269 shares of the stock were exchanged, compared to its average volume of 3,461,055. The firm's 50-day moving average is $3.87 and its 200-day moving average is $5.20. Beyond Meat has a 12 month low of $3.30 and a 12 month high of $12.12. The company has a market cap of $262.10 million, a price-to-earnings ratio of -0.96 and a beta of 2.31.

Insider Buying and Selling

In related news, insider Ethan Brown sold 313,000 shares of the firm's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $3.75, for a total transaction of $1,173,750.00. Following the sale, the insider now directly owns 1,703,288 shares in the company, valued at $6,387,330. This trade represents a 15.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BYND. Vontobel Holding Ltd. lifted its stake in Beyond Meat by 128.7% in the 4th quarter. Vontobel Holding Ltd. now owns 1,302,941 shares of the company's stock valued at $4,899,000 after acquiring an additional 733,168 shares in the last quarter. Zweig DiMenna Associates LLC acquired a new stake in shares of Beyond Meat in the fourth quarter valued at approximately $1,746,000. Millennium Management LLC lifted its position in shares of Beyond Meat by 73.8% in the fourth quarter. Millennium Management LLC now owns 619,957 shares of the company's stock worth $2,331,000 after purchasing an additional 263,337 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Beyond Meat during the fourth quarter worth $796,000. Finally, SBI Securities Co. Ltd. bought a new position in Beyond Meat in the fourth quarter valued at $382,000. 52.48% of the stock is currently owned by institutional investors.

Beyond Meat Company Profile

Beyond Meat, Inc, a plant-based meat company, develops, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells a range of plant-based meat products across the platforms of beef, pork, and poultry. It sells its products through grocery, mass merchandiser, club stores, and natural retailer channels, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools.