MEGA VOLATILITY AND LOW SPREAD - BEYOND MEAT IS SIZZLING!
BEYOND MEAT’S FLOATING SPREAD IS OFTEN BELOW 0.5%.
Beyond Meat Inc (BYND) went public on the 2nd of May and became the best performing first-day IPO since the turn of the millennium. On its first trading day, Beyond Meat closed at $65.75, which is 163% above its IPO price of $25. Since then, Beyond Meat has risen aggressively, breaching the $200 mark on the 18th of June. BYND is listed on the Nasdaq.
The good news is that IQ Option clients can conveniently access this volatile stock by trading a contract for difference. Compared to its extremely volatile price, Beyond Meat’s spread is really thin, making this an incredibly attractive asset *to trade at the moment. The spread-to-volatility ratio of an asset is really important because it has a direct influence on your chances of making a profit.
Beyond Meat is based in Los Angeles and manufactures plant-based meat substitutes.
*Please note that the information in this article is not intended as investment advice.