Beyond.com Climbs 3.3% Despite Sell Rating
Beyond.com
(BYND) - Get Beyond Meat Inc. Report
rose 3.3% in early trading despite a downgrade to sell from hold by
Prudential Securities
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Prudential said it cut the e-commerce company due to concerns about its financing. Although Beyond.com recently secured $40 million in financing, Prudential said the company may not be able to access it if its stock price remains depressed. As a result, it could run out of cash as soon as the first quarter of 2001.
