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Beyond Meat drops after meteoric rise questioned

Wednesday, June 12, 2019 - 01:38

Shares of Beyond Meat slumped 20 percent Tuesday, it's biggest one-day plunge since launching the most successful IPO of the year. The stock tumbled after lead underwriter J.P. Morgan downgraded the stock, believing a 400 percent post-IPO rally is far enough. Conway G. Gittens reports.

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Shares of Beyond Meat slumped 20 percent Tuesday, it's biggest one-day plunge since launching the most successful IPO of the year. The stock tumbled after lead underwriter J.P. Morgan downgraded the stock, believing a 400 percent post-IPO rally is far enough. Conway G. Gittens reports.

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Beyond Meat drops after meteoric rise questioned

Wednesday, June 12, 2019 - 01:38