What's Going On With Beyond Meat Stock?

Beyond Meat Inc BYND shares are trading lower Tuesday after the company filed for a mixed securities shelf offering.

What To Know: After the market close on Monday, Beyond Meat said in a filing that it may offer and sell up to $250 million of securities from time to time in one or more offerings. The securities available may include common stock, preferred stock, debt securities, warrants, purchase contracts or units. 

Beyond Meat reported earnings at the end of February. The plant-based meat company said it had $205.9 million in cash, cash equivalents and restricted cash and $1.1 billion in debt as of Dec. 31.

Beyond Meat shares have underperformed the broader market in recent years. The stock is down about 45% over a one-year period.

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Should I Sell My BYND Stock?

Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.

Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.

Shares of Beyond Meat have lost 48.98% year to date. This compares to the average annual return of -60.93%, meaning the stock has outperformed its historical averages. Investors can compare a stock's movement to its historical performance to gauge whether this is a normal movement or a potential trading opportunity.

Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Beyond Meat stock currently has an RSI of 49.6, indicating neutral conditions.

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BYND Price Action: Beyond Meat shares were down 4.81% at $7.91 at the time of writing, according to Benzinga Pro.

Photo: courtesy of Beyond Meat.