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Beyond Meat shares drop 11% after 1-for-30 reverse stock split amid Nasdaq compliance efforts

Market News
17 Aug 2026
24/7 Wall Street
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Bearish
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Beyond Meat's stock fell 11% to $11.99 following a 1-for-30 reverse stock split aimed at meeting Nasdaq's minimum bid price rule. The split, effective August 13, combined every 30 shares into one to boost the stock price without changing the company's value. Beyond Meat must maintain a closing bid of at least $1 for 10 consecutive days by August 31 to stay listed. Convertible notes and equity awards were adjusted proportionally. The stock slide reflects typical post-split selling, with no new company news. Investors will watch if the stock recovers and how the company manages its convertible debt due in 2027.

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