Beyond Meat shares traded higher on Wednesday at $0.42 after the plant-based meat maker announced a 1-for-30 reverse stock split, though the stock remained near its $0.41 52-week low and deeply below key trend lines. The company said last week that net revenue fell 8.2% year over year to $68.8 million, beating Wall Street estimates of $62.4 million, while an adjusted loss of 9 cents a share missed consensus expectations of 1 cent. Management guided for third-quarter net revenue of $60 million to $65 million amid continued volatility. Technical indicators remained weak, with the stock 25.8% below its 20-day simple moving average of $0.57, a Relative Strength Index of 26.72 indicating oversold conditions, and an 84.65% decline over the past 12 months. Analysts have a Hold consensus with an average price target of $0.75. The move followed Tuesday's broader sell-off that also hit On Holding and AppLovin as investors reassessed challenged growth stories.