Shares of Beyond Meat Inc. /zigman2/quotes/211617595/composite BYND -2.76% slumped 0.16% to $105.09 Friday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index /zigman2/quotes/210598365/realtime COMP +1.88% rising 0.82% to 14,566.70 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.68% rising 1.43% to 34,326.46. This was the stock's fourth consecutive day of losses. Beyond Meat Inc. closed $115.91 short of its 52-week high ($221.00), which the company reached on January 26th.
The stock underperformed when compared to some of its competitors Friday, as Mondelez International Inc. Cl A /zigman2/quotes/201769764/composite MDLZ +0.65% rose 0.05% to $58.21 and Unilever PLC ADR /zigman2/quotes/204685760/composite UL +0.51% fell 0.02% to $54.21. Trading volume (1.2 M) remained 833,295 below its 50-day average volume of 2.1 M.