Why Beyond Meat Stock Popped 12.5% Today
Something strange just happened.
On Tuesday, Impossible Foods, Beyond Meat's (NASDAQ: BYND) arch-rival in plant-based "meat," announced that it's expanding its offering of fake meats to include plant-based pork products, including sausage -- a category that up until now Beyond Meat has dominated. Yet Beyond Meat stock began rising as soon as the market opened, and it continued rising all day long.
Why?
Source Fool.com