Traders Buy Large Volume of Beyond Meat Call Options (NASDAQ:BYND)

Beyond Meat, Inc. (NASDAQ:BYND) was the recipient of some unusual options trading on Wednesday. Stock traders bought 24,928 call options on the company. This represents an increase of approximately 30% compared to the typical daily volume of 19,190 call options.

Beyond Meat Price Performance

Shares of BYND traded up $0.01 during mid-day trading on Wednesday, hitting $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 business has a fifty day moving average price of $3.86 and a 200-day moving average price of $5.21. The firm has a market cap of $287.21 million, a P/E ratio of -1.06 and a beta of 2.31.

Insider Buying and Selling at Beyond Meat

In other Beyond Meat news, insider Ethan Brown sold 313,000 shares of the business’s stock in a transaction on 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 completion of the sale, the insider now owns 1,703,288 shares in the company, valued at approximately $6,387,330. The trade was a 15.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Intech Investment Management LLC bought a new position in shares of Beyond Meat in the third quarter worth approximately $128,000. Charles Schwab Investment Management Inc. raised its stake in shares of Beyond Meat by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 522,894 shares of the company’s stock valued at $3,545,000 after acquiring an additional 7,332 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Beyond Meat by 16.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,901 shares of the company’s stock worth $257,000 after buying an additional 5,419 shares during the period. Ballentine Partners LLC bought a new stake in Beyond Meat during the 4th quarter valued at approximately $39,000. Finally, Zweig DiMenna Associates LLC bought a new position in Beyond Meat in the fourth quarter worth $1,746,000. 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.