Beyond Meat is trading 5.49% down now at $6.81, with a report linking the October 14 selloff to a debt-for-equity exchange that would reduce borrowing but dilute existing shareholders.
- The exchange covers about $15 million of notes for stock, with an initial 1.10 million shares and as many as 848,265 additional shares.
- September inflation data also weighed on U.S. equities, though consumer staples were stronger. No verified intraday volume figure was available.