Beyond Meat Target of Unusually High Options Trading (NASDAQ:BYND)

Beyond Meat, Inc. (NASDAQ:BYND) was the target of some unusual options trading on Wednesday. Investors bought 24,928 call options on the stock. This represents an increase of 30% compared to the average volume of 19,190 call options.

Beyond Meat Trading Up 0.1 %

BYND stock traded up $0.01 during midday trading on Wednesday, reaching $4.41. The stock had a trading volume of 5,865,889 shares, compared to its average volume of 3,291,162. Beyond Meat has a 52-week low of $3.30 and a 52-week high of $12.12. The company has a market cap of $287.21 million, a price-to-earnings ratio of -1.06 and a beta of 2.31. The company’s fifty day simple moving average is $3.86 and its 200 day simple moving average is $5.21.

Insider Activity

In other Beyond Meat news, insider Ethan Brown sold 313,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $3.75, for a total transaction of $1,173,750.00. Following the transaction, the insider now owns 1,703,288 shares of the company’s stock, valued at approximately $6,387,330. This trade represents a 15.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 8.60% of the company’s stock.

Institutional Trading of Beyond Meat

Several institutional investors have recently made changes to their positions in BYND. Russell Investments Group Ltd. raised its position in Beyond Meat by 305.1% in the fourth quarter. Russell Investments Group Ltd. now owns 7,887 shares of the company’s stock valued at $30,000 after purchasing an additional 5,940 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Beyond Meat in the fourth quarter valued at $37,000. Ameriprise Financial Inc. purchased a new stake in Beyond Meat during the 4th quarter worth about $39,000. Ballentine Partners LLC acquired a new position in shares of Beyond Meat during the 4th quarter worth about $39,000. Finally, Van ECK Associates Corp increased its holdings in shares of Beyond Meat by 68.8% in the 4th quarter. Van ECK Associates Corp now owns 10,498 shares of the company’s stock valued at $39,000 after acquiring an additional 4,280 shares during the last quarter. Hedge funds and other institutional investors own 52.48% of the company’s stock.

About Beyond Meat

Beyond Meat, Inc, a plant-based meat company, develops, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells a range of plant-based meat products across the platforms of beef, pork, and poultry. It sells its products through grocery, mass merchandiser, club stores, and natural retailer channels, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools.