Shares of Beyond Meat Inc. /zigman2/quotes/211617595/composite BYND -11.80% slid 1.59% to $122.32 Wednesday, 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 -0.82% rising 0.15% to 15,041.86 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.21% rising 0.11% to 35,405.50. The stock's fall snapped a three-day winning streak. Beyond Meat Inc. closed $98.68 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 +0.60% fell 0.61% to $61.87 and Unilever PLC ADR /zigman2/quotes/204685760/composite UL +0.62% fell 0.66% to $55.57. Trading volume (1.6 M) remained 498,806 below its 50-day average volume of 2.1 M.