Beyond Meat Shares Plunge, Making Short Sellers $170 Million
- 5 years ago
Short sellers made $170 million when Beyond Meat's stock slipped as much as 17% on Tuesday.
The companies shares fell after disappointing second-quarter earnings and the announcement of a second public offering.
According to Business Insider, the gains curbed short-sellers' total post-IPO losses to $803 million.
The dramatic losses point to the tough road short-sellers have faced since the IPO, saw shares rally more than 800% at their peak.
The companies shares fell after disappointing second-quarter earnings and the announcement of a second public offering.
According to Business Insider, the gains curbed short-sellers' total post-IPO losses to $803 million.
The dramatic losses point to the tough road short-sellers have faced since the IPO, saw shares rally more than 800% at their peak.