Diamonds and Dogs

3/28/22

Merger Monday. Plantronics (POLY), the maker of wired and wireless communication headsets and video conferencing solutions and equipment is up 50% after agreeing to be acquired by HP for $3.3 billion. HP aims to tap a growing need for technology that connects remote workers to office staff while working to diversify beyond personal computers and printers into ancillary businesses.

Beyond Meat (BYND) receives a downgrade. The plant-based meat products maker is down 2% on a downgrade at investment bank BTIG. The analyst said that the sales performance of McDonald's McPlant burger have been "underwhelming" and lacking evidence to support a national rollout in the near future. Piper Sandler also downgraded Beyond Meat today. 

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