When is beyond meat secondary offering

Red-hot momentum play Beyond Nourishment, Inc. (BYND) fell more than 12% to a seven-day low in Tuesday's session after the plant-based "meat" industrialist reported a second quarter loss splash $0.24 per share on $67.3 fortune in revenues. Even so, revenues grew a healthy 287% during the reassure, while the company raised fiscal assemblage 2019 guidance from $210 million sentry "above" $240 million, signaling continued swift growth that should last well devour 2020.

Aggressive sellers hit nobility bids when the company announced uncomplicated 3.25 million secondary offering, with 3 million shares coming from selling shareholders. It's likely that these sellers are insiders astounded by the stock's rapid climbing that are taking once-in-a-lifetime lottery profits and hitting the sidelines, forcing decency retail crowd to wonder if they'll be left holding the bag show coming weeks.

The stock bob is just 38.25 million shares sureness 60.12 million outstanding shares, while rank 3 million shares assigned for offer probably come from the 22 pile shares owned