20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Beyond Meat Inc (NASDAQ:BYND) is trading lower Monday morning following bearish analyst coverage from Piper Sandler.
Piper Sandler analyst Michael Lavery downgraded Beyond Meat from a Neutral rating to an Underweight rating and lowered the price target from $50 to $29.
Lavery is lowering his expectations on the back of increased competition.
The Piper Sandler analyst highlighted the company's disappointing launch in McDonald's Corp (NYSE:MCD) stores. The McDonald's McPlant offering continues to burn cash with no clear signs of a path to positive EBITDA, Lavery noted.
See Also: 22 Stocks Moving in Monday's Pre-Market Session
BYND 52-Week Range: $35.74 - $160.27
The stock was down 6.44% at $45.50 at time of publication.
Photo: courtesy of McDonald's.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!