What is Beyond Meat Inc?
Beyond Meat Inc. was established in 2009 and it is part of the food processing industry with headquarters in El Segundo, California. The company was known as Savage River until September 2018 when it changed its name. Beyond Meat offers a variety of plant-based meat substitutes, such as burgers, sausage, beef and chicken. The company produces vegetarian products that mimic the appearance, taste and cooking features of meat. Beyond Meat products are available to purchase in the United States and internationally through groceries, restaurants, food service outlets, retailers and clubs.
Beyond Meat became a publicly traded company in May 2019 when its shares were sold on the New York Stock Exchange (NYSE) with the symbol BYND.
Performance of Beyond Meat stock price
The Beyond Meat stock price of $25 (£19) set for its initial public offering was higher than the initially planned price range of between $19 (£14.4) to $21 (£16) per share. During IPO day it was the sizable increase in Beyond Meat share price as it closed the day at $65 (£49) which was more than 160 per cent higher than the initial price.
The price chart shows that since its IPO, Beyond Meat stock price experienced significant movements in both directions. It reached a peak in July 2019 when Beyond Meat share price hit a level of $234 (£177) while it achieved a low price of around $54 (£41) in March 2020. The Beyond Meat stock price fluctuations show that it tends to move in short term trends or range-bound movements, making this share suitable for various strategies. The Beyond Meat share price may move more than 10 per cent during a trading day while it may fluctuate by more than 35 per cent in a single week.
How to invest in Beyond Meat stock with tokenised assets
Using blockchain technology, Dzengi.com has expanded the ways through which traders can invest in Beyond Meat stock or any other stock or assets. The blockchain technology allows for the creation of smart contracts, recording and storing of data and information without the danger that any information will be corrupted. Dzengi.com employs the technology to create tokenised assets which replicate the price movements of the underlying assets. The process of trading is the same as the process of trading the reference asset itself in a way that traders decide whether to take a long or short position based on their analysis for the price movement in the future. You can easily invest in Beyond Meat stock and other stocks by buying or selling the relevant tokenised assets available on Dzengi.com tokenised assets platform.
Trading tokenised Beyond Meat shares is beneficial for owners of Bitcoin or Ether because they can buy or sell tokenised shares directly with crypto. Aside from the possibility to trade with cryptocurrencies, Dzengi.com also provides clients with generous leverage. This means that traders can open positions with a margin provided by the tokenised assets exchange. The margin offered on tokenised Beyond Meat shares is only 5 per cent while the margin for other tokenised assets may be even lower. In other words, the margin shows the amount of available capital that should be put by the trader to open a specific position. For example, a trader planning to take a position worth $12,500 (£9,473) needs to have available capital which will be sufficient to cover 5 per cent of the position or $625 (£473). Giving margin to traders to invest in tokenised assets, Dzengi.com offers the possibility for augmentation of potential profits.
Tokenised Beyond Meat stock trading guide
Tokenised Beyond Meat stock trading is a process which is composed of a couple of steps which are simple to comprehend, these are:
- 1. Create a trading account on Dzengi.com tokenised assets exchange
- 2. Choose whether you will deposit fiat money such as euros, pounds, dollars and so on, or cryptocurrencies such as Bitcoin or Ethereum
- 3. You calculate the size of your trading position and the needed funds using the margin provided by Dzengi.com
- 4. Positions are open in the same manner as with other trading assets. For example, traders will open a long position with tokenised Beyond Meat shares when they detect a potential price increase. Dzengi.com tokenised assets platform connects buy and sell orders executed on the platform, while any free orders are further hedged through Capital.com or LMAX Digital and other exchanges such as Binance, Bitstamp, Kraken, NASDAQ, NYSE and Gain Capital
- 5. Traders can close the positions directly or they can set up take-profit orders. There is an opportunity for setting a stop-loss order which helps the trading experience. It should be noted that the possibility to trade with crypto means that traders can withdraw their funds in the associated cryptocurrency
Why trade tokenised Beyond Meat shares with Dzengi.com
Tokenised stock trading at Dzengi.com tokenised assets exchange has a number of advantages. Tokenised assets are underpinned by robust and immutable blockchain technology. Opening trade will give you a token that tracks and moves according to the underlying instrument's price.
- One-stop crypto trading platform
Trade tokenised Beyond Meat shares with Bitcoin or Ethereum. Benefit from the stock’s price movements without turning your crypto assets into fiat.
Trade tokenised Beyond Meat stocks with a tight market spread, benefit from maker rebates and competitive taker fees.
Experienced traders can trade the world’s top markets, such as Beyond Meat, with up to 1:500 leverage.
- Effective risk management
Manage your risks and secure your profits with stop loss and take profit orders. Save your assets with negative balance protection.
We have a scalable and low latency order management system, which can execute 50 million trades per second.
Dzengi.com operates under new Belarusian regulation with best-in-class AML and KYC laws. Regulatory details and fees are upfront.