Why Beyond Meat Stock Skyrocketed Today
It isn't typical for beleaguered alt-protein food product specialist Beyond Meat (NASDAQ: BYND) to have a good day on the stock market, but that's what occurred on Friday. After the company announced the dramatic expansion of a new product line, investors piled into its equity, and Beyond Meat shares closed the trading session more than 15% higher.
Beyond Meat announced that it has rolled out four new flavors of its Beyond Immerse line of sparkling drinks. Customers wishing to quaff the company's offerings infused with plant-based protein, fiber, electrolytes, and antioxidants can now opt for cherry berry, strawberry lemonade, cucumber grapefruit, or piña colada flavors.
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Source Fool.com
