Beyond meat shares plunge, making short sellers $170 million Unlisted Video
4 years ago
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Beyond Meat
S 3 Partners
Stock Market
Financial Regulation
Initial Public Offering
Corporate Finance
$185 Million
$803 Million
S3 Partners
Short sellers made $170 million when Beyond Meat's stock slipped as much as 17% on Tuesday.
The companies shares fell after disappointing second-quarter earnings and the announcement of a second public offering.
According to Business Insider, the gains curbed short-sellers' total post-IPO losses to $803 million.
The dramatic losses point to the tough road short-sellers have faced since the IPO, saw shares rally more than 800% at their peak.
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