Beyond Meat Raises 2019 Outlook, But Shares Slump On OfferingTen-year-old Beyond Meat burst into the spotlight in May with its initial public offering on the Nasdaq. Its $25 opening share price has risen 700% since then. At its closing price of $222.13 Monday, Beyond Meat was worth $13.3 billion, or more than Campbell's Soup.
Tesla Posts $408M Loss In 2Q, Causing Stock To PlummetThe setback had already been telegraphed by Tesla CEO Elon Musk. Still, it underscored Tesla's ongoing challenges and helps explain why the company's shares have plunged by more than 20% this year while the Standard & Poor's 500 index has surged by 20%.
Pinterest Sets Conservative Pricing After Lyft DropOther tech companies pushing to go public this year include Uber, Lyft's rival, the messaging app Slack and the video conferencing company Zoom are expected to make their debut soon.
Lyft's Shares Soar As Investors Bet On Ride-Hailing FutureLyft raised its target price from its initial range of $62 to $68 over the course of the last week as investors clamored to get in on the action, despite the company's history of losses.