30 Reverse Split Reaction, Oatly Slips
Beyond Meat (BYND) fell 11% to $11.99 after a 1-for-30 reverse stock split, aiming to meet Nasdaq's minimum price requirement by August 31. The split adjusted convertible notes and warrants but did not change the company's business fundamentals. Oatly (OTLY) and Vital Farms (VITL) showed mixed performance, with the broader sector relatively stable.



