Some of the original investors in analogue-meat processor Beyond Meat are rushing for the exits, looking to cash in their stock, which dropped 17% in one day.
Original investors, who held some 80% of Beyond Meat’s stock, were restricted from selling within six months of the initial public offering. CNBC reports that as soon as that ban expired on Oct. 29, many of the original investors cashed in. That rush drove the stock down 17% that day and 63% from its high of $234.90 in late July.
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