U.S. Stock Movement | Plans to implement a 1-for-30 reverse stock split, plant-based meat concept stock Beyond Meat (BYND.US) plummets nearly 20%.

According to information from the Zhihui Finance APP, on Tuesday, the plant-based meat concept stock Beyond Meat (BYND.US) opened with a nearly 20% plunge, reaching a record low since its listing at $0.41. In terms of news, Beyond Meat announced today that its Board of Directors has decided to implement a 1-for-30 reverse stock split of its common stock, while also proportionately reducing the number of authorized shares of common stock and the total authorized capital. This reverse stock split aims to help the company regain compliance with the minimum bid price requirement for continued listing on the Nasdaq Global Select Market.