When the stock of the meat-alternative company Beyond Meat (symbol BYND) debuted on the NASDAQ stock exchange on May 2, 2019, there were immediately high expectations. Optimism for the company founders and their ambitions were being fueled by the high demand by some consumers for alternatives to traditional animal-based types of protein. Beyond Meat representatives and their stock underwriters were not disappointed. By the end of the first day of trading, the stock had climbed from $25 per share to an amazing price of $65.75—an astronomical one-day gain of 163 percent! As a long-time stock market observer, I can confidently say this type of…
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