Why Beyond Meat Stock Jumped Today
Shares of Beyond Meat (NASDAQ: BYND) climbed Monday after the company unveiled its new meatless "meatballs." They'll be appearing in retail outlets nationwide beginning this week. As of 2:30 p.m. EDT, the stock was up by 6.6%.
Beyond Meatballs derive their protein from peas and brown rice. They contain no ingredients from genetically modified organisms (GMOs), nor anything that was treated with antibiotics or hormones. The company also says they have no cholesterol, and contain 30% less saturated fat and sodium than the leading brand of animal-based Italian-style meatballs -- all of which should resonate with health-conscious consumers.
Beyond Meat's stock rose sharply on Monday after it unveiled its new Beyond Meatballs. Image source: Beyond Meat.
Source Fool.com