Beyond Meat board approves 1-for-30 reverse stock split to regain Nasdaq compliance
Beyond Meat's board approved a 1-for-30 reverse stock split to regain Nasdaq minimum bid-price compliance, with split-adjusted trading beginning August 14. Shares fell nearly 14% premarket following the announcement.
Detected & updated continuously · Source: Nebula
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@schaeffers
Beyond Meat $BYND: -14% premarket The company will execute a 1-for-30 reverse stock split Friday to regain Nasdaq minimum bid-price compliance. A higher share price is coming.. but not for the reason shareholders would want. https://t.co/VooSAXByR7
@schaeffers
Beyond Meat $BYND is doing a massive 1-for-30 reverse stock split in an effort to regain compliance with Nasdaq's minimum bid price requirement. Split-adjusted trading begins Aug. 14. Shares are down nearly 14% premarket.
@StockMKTNewz
Beyond Meat $BYND said its board of directors has approved a 1 for 30 reverse stock split