Beyond Meat $BYND Bullish Option Flow, Dark Pool Action Detected

Get Email Alerts and Follow Us:
SOCIALICON

Guerilla Stock Trading has detected bullish option flow in Beyond Meat $BYND stock between August 15 and August 19, 2022.

Bynd Option Flow

Make sure to review this lesson on option flow so that you understand the image above.

Specifically, we see the September 16, 2022, call option of $55 with exploding open interest.

Bynd Sep Call Option Contract

We also see higher open interest in the September 16, 2022, $40 call option.

Bynd Call Option Contract September

Dark Pool Activity Detected In Beyond Meat $BYND Stock

Guerilla Stock Trading has detected what appears to be buy orders coming off dark pools at around $25.

Beyond Meat Dark Pool Activity

Notice the orange bars are longest at the $25 price area when the stock consolidated at this level from mid-May through the start of July 2022. This suggests that the dark pool action was buying and that around $25 is the floor set by institutional investors in Beyond Meat $BYND stock. Specifically, notice the unusually large dark pool trade on June 24, 2022, valued at $26 million.

Make sure to review this lesson on dark pool trading so that you understand the chart above.

Beyond Meat price target raised to $27 at Mizuho

On August 8, 2022, Mizuho analyst John Baumgartner raised the firm’s price target on Beyond Meat to $27 from $21 and kept a Neutral rating on the shares. The company posted revenue and EBITDA misses in Q2 and, consistent with market concerns, reduced fiscal 2022 sales guidance with a costly inventory write-down punctuated by slower growth. Weaker consumer macros for premium-priced products don’t address Beyond meat’s market share losses.

Beyond Meat price target raised to $30 at Barclays

On August 8, 2022, Barclays analyst Benjamin Theurer raised the firm’s price target on Beyond Meat to $30 from $25 and kept an Equal Weight rating on the shares. The company reported weak results, but the worst case is eventually going to be over.

Beyond Meat price target lowered to $10 at BofA

On August 5, 2022, BofA analyst Peter Galbo lowered the firm’s price target on Beyond Meat to $10 from $20. It kept an Underperform rating on the shares after the company reported Q2 losses worse than estimated and lowered its 2022 sales outlook. Following the report, he has reduced his FY22-24 sales estimates. He is applying a multiple on his 2023 sales estimate, a discount to target multiples he uses for growth-oriented and unprofitable peers within consumer staples.

Bill Gates Wants Rich Countries To Move To 100% Synthetic Beef

Bill Gates has recently made headlines as one of America’s largest private farmland owners, if not the largest, and since Bill Gates is a billionaire and has the power of the purse of most of the world’s governments. Synthetic meat investor Bill Gates calls for rich countries to shift entirely to artificial meat, Beef Central wrote in 2021. Source: https://www.beefcentral.com/news/synthetic-meat-investor-bill-gates-calls-for-rich-countries-to-eat-only-synthetic-meat/

📺 Why Bill Gates Thinks Impossible Foods and Beyond Meat Can Help Fight Climate Change

Why Bill Gates Thinks Impossible Foods and Beyond Meat Can Help Fight Climate Change

📉 Beyond Meat $BYND Chart Technical Analysis

Beyond Meat $BYND stock has a technical downtrend rating. The uptrend channel that has held since mid-May was just broken. However, the uptrend channel pattern has been a bit off as the June lows must be plotted below the lower wall to make the channel pattern. We could see $BYND stock fall back to the $25 area again, where I would expect to see a surge in dark pool buy orders where institutional investors bought the stock last time.

bynd
Get Email Alerts and Follow Us:
SOCIALICON