Beyond Meat Inc. (NASDAQ: BYND) shares are trading lower after the company announced a 1-for-30 reverse stock split.

Beyond Meat Inc. (NASDAQ: BYND) shares are trading lower after the company announced a 1-for-30 reverse stock split.

Beyond Meat selects a 1-for-30 reverse stock split as its shares struggle, with the move designed to boost the price and maintain Nasdaq listing.