8B market cap for a company that makes mashed peas (yeah, that's the main ingredient).
Not only are earnings coming up in Nov. but the IPO lockout ends in Nov. Resting on support, if it breaks, it might even fill the gap before earnings. Keep an eye on this one.
No position yet, waiting for the break.
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Oh heck, probably FOMO but I took a small position in puts
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Market up 1.5% BYND down 1.5%, if a stock can't rally on a day like today or at least bounce off of support, it's probably dead.
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$133.08 was the previous low, if it breaks that then it's done.
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Next support is the $120 gap, though I don't think the gap will provide much support, we'll see.
Trade closed manually
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Took the five bucks and called it a day, this has a habit of moving up at the end of the day as daytraders cover their shorts.
At this point I'm short on other crap anyways.
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Looks exhaustion gappy here, so it might get a bounce tomorrow, but don't chase this stock.
Absolutely ridiculous to think this company is worth 7.6B, who pays that much for mashed pea recipe?
No position in this stock, but I guarantee that when the lockup period ends in Nov, this will head straight back to $40. This is all just a low liquidity spike on IPO.
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LOL, hit my target after all.
If the gap doesn't provide support, this stock is done.
I think it find support around here though, goes up and then slow drift down, just like TLRY. If you're long, I'd just GTFO, mashed peas aren't worth 7B.