Why Beyond Meat Stock Dropped 10% This Morning

Shares of plant-based meat producer Beyond Meat (NASDAQ: BYND) plummeted in early trading Thursday, for the seemingly craziest of reasons: News that McDonald's (NYSE: MCD) Canadian unit canceled its trial run of a "P.L.T." sandwich using Beyond Meat meatless patties ... nearly two months ago!

Old news or no, Beyond Meat stock tumbled 10% in early trading and remains down about 4.7% as of 12:15 p.m. EDT. Let's dig into the story and find out what happened.

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Source Fool.com