Beyond Meat (BYND) Stock On Watch As New Beverage Line Launches

Benzinga01-17

Beyond Meat Inc (NASDAQ:BYND) shares are in the spotlight on Friday as the company launches a new product line, Beyond Immerse, which combines plant protein, fiber, antioxidants and electrolytes. The ...

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Each flavor offers two protein options, 10g protein with 7g fiber and 60 calories or 20g protein with 7g fiber and 100 calories, aimed at promoting muscle health, gut health and immune function.\nThe company says the product is available exclusively on Beyond’s direct-to-consumer site, Beyond Test Kitchen, for a limited time. This launch reflects Beyond Meat’s commitment to expanding its product offerings and tapping into the functional beverage market.\nThe stock is currently trading 1.3% above its 20-day simple moving average (SMA) but is 40.7% below its 100-day SMA, indicating a struggle to maintain momentum. Over the past 12 months, shares have decreased by 76.52%, and they are positioned closer to their 52-week lows than highs.\nThe RSI is at 50.89, which is considered neutral territory, suggesting no immediate overbought or oversold conditions. 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