BYND is up 1600% from $0.50 to $8+ right now
$Beyond Meat, Inc.(BYND)$ is up 1600% from $0.50 to $8+ right now.
This is a pure momentum play with super big chance of dilution coming. The CEO knows this and will dilute this week (my guess).
Fundamentally, it continues to lose money each quarter with LOWER gross margins too.
They have a new deal with $Wal-Mart(WMT)$ to go into 2000 stores but now they to come up with the money to buy the inventory and then sell it to make money.
This is not easy when demand for vegan products are not high right now.
This is still a big momentum play for us as you can see in the volume its trading in the 3B-5B shares a day.
BYND target is $10+ but can as high as $20.
SWING play alerted for 500%-1000% winner for SMALL account.
Why is BYND strong swing candidate?
- Volume rising each day
- heavily shorted
- big news with WMT
- Momentum increasing
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