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News  ›  GlobeNewswire Inc.

INVESTIGATION ALERT: Edelson Lechtzin LLP Announces Investigation of Beyond Meat, Inc. (NASDAQ: BYND) and Encourages Investors with Substantial Losses or Witnesses with Relevant Information to Contact the Firm

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Edelson Lechtzin Llp
INVESTIGATION ALERT: Edelson Lechtzin LLP Announces Investigation of Beyond Meat, Inc. (NASDAQ: BYND) and Encourages Investors with Substantial Losses or Witnesses with Relevant Information to Contact the Firm

Law firm Edelson Lechtzin LLP is investigating potential securities law violations by Beyond Meat after significant stock price drops following asset impairment charges and delayed earnings release.

Insights
MSFT   neutral

Developing custom AI chips which could reduce dependency on Nvidia, potentially shifting significant AI workloads away from Nvidia's products


BYND   negative

Stock price dropped over 23% after announcing a non-cash impairment charge, further declined 16.52% after delaying earnings release, and traded as low as $0.94 per share from an initial $2.84, indicating significant financial and investor confidence challenges