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Beyond Meat, Inc. (NASDAQ:BYND) shares are moving sharply in after-hours trading following Monday’s session, after closing the regular session up about 41%.
BYND gained about 17.24% in after-hours trading, rising $0.20 to $1.36.
Why It’s Trending
The move comes as investors react to a newly disclosed SEC Form 144 filing showing planned insider selling activity.
The filing indicates that company officer Teri L. Witteman intends to sell approximately 29,978 shares.
Insider Selling Details
According to the filing, the shares stem from vested restricted stock units acquired over time and are set to be sold through Merrill Lynch.
The transaction …
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