Should Beyond Meat Be in Your Portfolio?
Not too long ago, plant-based meat substitutes were relatively unheard of outside of niche markets in the United States. But with a national push for healthier foods that have less of an impact on the environment, companies like Los Angeles based Beyond Meat (NASDAQ: BYND) have risen in popularity.
When Beyond Meat went public in May, the company witnessed a 163% one day increase in the share price -- a feat that hasn't been seen since the year 2000. Now just six months from its debut, Beyond Meat has had its share price increase from an IPO price of $25 per share to near $85.
A price jump this large may make it seem like you have missed the chance to get in on Beyond Meat, but that couldn't be farther from the truth. In these six months, Beyond Meat has become a juggernaut in the alternative meat sector and demand hasn't been higher.
Source Fool.com