Shares of Beyond Meat Inc. BYND, +8.60% slipped 7.61% to $26.45 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index COMP, +2.69% falling 0.41% to 12,081.39 and Dow Jones Industrial Average DJIA, +1.33% falling 0.67% to 32,990.12. The stock’s fall snapped a three-day winning streak. Beyond Meat Inc. closed $133.83 below its 52-week high ($160.28), which the company reached on June 30th.
The stock underperformed when compared to some of its competitors Tuesday, as Mondelez International Inc. Cl A MDLZ, +0.21% fell 0.31% to $63.56 and Unilever PLC ADR UL, +0.89% rose 9.89% to $48.33. Trading volume (3.1 M) remained 464,928 below its 50-day average volume of 3.6 M.