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Why Beyond Meat Stock Surged Today

TheMotleyFool

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Shares of Beyond Meat (NASDAQ: BYND) soared on Monday, following news of a major new distribution deal in China. As of 2:55 p.m. EDT, Beyond Meat's stock was up more than 20%.

Beyond Meat entered into a strategic partnership with Sinodis, China's leading imported food distributor. Sinodis will distribute Beyond Meat products via its network of more than 4,500 wholesalers, restaurants, and hotels.

Beyond Meat's stock rose sharply on Monday after it agreed to a deal with a powerful Chinese food distributor. Image source: Getty Images.

Source Fool.com

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