Shares of Beyond Meat Inc. /zigman2/quotes/211617595/composite BYND -1.23% shed 1.04% to $112.55 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index /zigman2/quotes/210598365/realtime COMP +0.50% falling 0.57% to 15,286.64 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.09% falling 0.20% to 35,031.07. This was the stock's fourth consecutive day of losses. Beyond Meat Inc. closed $108.45 short of its 52-week high ($221.00), which the company achieved on January 26th.
The stock underperformed when compared to some of its competitors Wednesday, as Mondelez International Inc. Cl A /zigman2/quotes/201769764/composite MDLZ -0.79% rose 1.37% to $60.86 and Unilever PLC ADR /zigman2/quotes/204685760/composite UL -0.34% rose 0.69% to $55.42. Trading volume (2.0 M) eclipsed its 50-day average volume of 2.0 M.