US Stock Market News | Beyond Meat drops more than 11%, stock price nears historic low
On Thursday, Beyond Meat's stock price fell, dropping over 11% to $6.37 as of the time of publication. The stock price is close to its historical low of $5.58. Sources say that Beyond Meat is in discussions with a group of bondholders to restructure its balance sheet. The discussions involve how to handle the company's $1.1 billion in convertible bonds
According to the Zhitong Finance and Economics APP, on Thursday, Beyond Meat (BYND.US) stock price fell, as of the time of publication, the stock dropped more than 11% to $6.37. The stock price is close to its historical low of $5.58. Sources say that Beyond Meat is in discussions with a group of bondholders to restructure its balance sheet. The two sides are discussing how to deal with the company's $1.1 billion convertible bonds issuance