Shares of plant-based meat maker Beyond Meat Inc. (BYND) surged 6.43% in pre-market trading on Tuesday, as traders positioned for a potentially volatile reaction to the company's upcoming earnings report.
While Beyond Meat has not officially announced the timing for its next quarterly results, heightened options activity suggests investors are bracing for a sharp move in the stock price following the earnings release. Pre-earnings options trading implies the market is pricing in around a 13.7% swing for BYND shares after the results hit the wires.
The company's stock has had a tumultuous year so far, having more than doubled off its 2023 lows but still trading well below its highs from early 2022. Investors will be closely watching Beyond Meat's sales figures and outlook comments for signs of whether the business can sustain its recent rebound amid intense competition in the plant-based foods space.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.