Carvana (CVNA) is up again as much as 33% on Thursday after gaining 111% over the previous five sessions. The used car platform’s shares are up 282% year-to-date. As the markets rallied in January, speculative growth shares have also taken off, with short sellers covering their positions in heavily shorted stocks like Carvana. CVNA’s short interest comprises around 65% of the float. The company, once a pandemic darling, laid off workers last year in an effort to cut costs and preserve cash…. Source link
Read More »Beyond Meat introduces Beyond Steak, shares down more than 80% year-to-date
Beyond Meat is out with its newest plant-based “meat” — Beyond Steak. The frozen food comes in seared, bite-sized pieces and can be prepared in a skillet or air fryer in five minutes. Meant for “meat lovers and flexitarians alike,” the product contains no GMOs or added antibiotics and hormones. Per serving, it includes 21 grams of protein and 0 mg of cholesterol. In a press release, Beyond Meat Chief Innovation Officer Dariush Ajami said the launch is a “highly-anticipated expansion” of its… Source link
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