To The Moon

Trump on Wednesday imposed a 25% tariff on certain advanced computing chips.

At its peak in 2019, Beyond Meat stock was trading upwards of $230, buoyed by enthusiasm for plant-based meat alternatives from health-conscious consumers and investors alike. But that optimism has waned, and that's reflected in the stock price.Shares fell below $1 for the first time Monday, reaching an intraday low of 85 cents. Beyond Meat was down 14% at 88 cents on Tuesday, putting it on pace for an all-time closing low.The stock has fallen more than 50% over the past two days, according to Dow Jones Market Data. Shares have been beaten down 77% this year, with the latest slump coming after the company disclosed the initial results of its debt-swap deal first announced in September.While the transaction would reduce the company's debt load by roughly $800 million, it would increase share count by more than 400%, diluting equity ownership for existing shareholders. Around 97% of the holders of its convertible notes agreed to the terms of the exchange, Beyond Meat said.