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News  ›  The Motley Fool

Does Billionaire Philippe Laffont Know Something Wall Street Doesn't? His Hedge Fund Is Backing a Stock That Jumped 211% in Just 5 Days.

The Motley Fool Logo The Motley Fool By Adam Spatacco
Does Billionaire Philippe Laffont Know Something Wall Street Doesn't? His Hedge Fund Is Backing a Stock That Jumped 211% in Just 5 Days.

Philippe Laffont's hedge fund Coatue Management holds shares in Beyond Meat, which experienced a dramatic 211% stock price surge followed by a sharp pullback, likely driven by social media-fueled short squeeze and a new Walmart distribution deal.

Insights
IMCR   positive

Biotechnology company with one completed drug trial and three Phase 3 candidates, generating revenue and with a potential price target ranging from $61 to $100


BYND   negative

Company shows declining revenue, thin gross margins, cash flow problems, and relies on speculative trading rather than strong business fundamentals