BYND: We Are Removing Beyond Meat from Investing Ideas

09/09/19 10:53AM EDT

A quick note from Hedgeye CEO Keith McCullough:

Down almost -4% here today and signaling immediate-term TRADE #oversold within Penney’s longer-term bearish TAIL risk view. So I'll l take if off as my Risk Range #process is implying I can add it back (higher) on green when the crowd is chasing it again.

***No change to Restaurants Analyst Howard Penney's fundamental short thesis on Beyond Meat Inc (BYND).

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