🟢 Beyond Meat is trading 7.7% up today as U.S. equities rally following softer-than-expected July PPI

Beyond Meat is trading 7.7% up at $0.45 as U.S. equities rally following softer-than-expected July PPI and easing expectations for Federal Reserve rate hikes.

• The announced 1-for-30 reverse stock split, effective August 13, has created substantial volatility after shares recently reached $0.41.
• No new company-specific announcement explains the August 13 intraday gain; broader market and consumer-staples strength appear to be the main support.