Shares of Beyond Meat Inc. BYND, +16.21% powered up 10% in midday trading Monday toward a three-month high, to extend last week's big rally as some industry experts suggested plant-based meats are now more than just a novelty option for consumers. The stock has now run up 30% amid a three-day win streak, and has soared 42% in a week. The rally came despite new product announcements from competitors, as Impossible Foods said it was adding pork and sausage to its plant-based meat lineup, and Kroger Co. KR, +0.46% announced that launch of "Emerge: Plant Based Fresh Meats." Data and analytics provider Technomic said the announcements indicated that plant-based meat alternatives have "absolutely gone mainstream" and are gaining more acceptance among consumers. The stock, which went public in May, has still lost 19% over the past three months, while the S&P 500 SPX, +0.57% has gained 10%.
"Meat" - Google News
January 13, 2020 at 11:47PM
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Beyond Meat's stock soars again, heads for 30% rally in 3 days - MarketWatch
"Meat" - Google News
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