Plummets on Rating Downgrade to Sell

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After a brief rise this morning,

(BYND) - Get Report

was down 20% by early afternoon following a rare downgrade to sell from hold by

Prudential Securities

. Prudential said it cut the e-commerce company due to concerns about its financing. Although 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.