Join today and have your say! It’s FREE!
We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}

Join today with :

or

By providing my email, I consent to receiving investment related electronic messages from Stockhouse.
Sign in with existing account
Please Try Again
{{ error }}

Sign In With :

or

Password Hint : {{passwordHint}}
Forgot Password?
Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Beyond Meat Doubles Value on Day One

Stockhouse Editorial
1 Comment| May 3, 2019


Beyond Meat had a solid debut on Wall Street, to say the least.

NASDAQ:BYND closed up 163 per-cent on its first day of trading. The growing popularity of plant-based food is paying off for the vegan burger maker, who is valued at nearly $3.8 billion (USD), more than twice its value from the day before. Its shares hit $72 then closed at $65.75.

Beyond Meat has been making headlines with restaurants and grocery outlets lining up to sell its products. The BBC took a closer look into its financial situation. Beyond Meat’s net revenue was $87.9 million last year, 170% higher than 2017.

Nielsen Retail Sales Data reported that U.S. sales of plant-based meats jumped 42 per-cent between March 2016 and March 2019 to a total of $888 million.




Comments

No comments yet. Be first to comment!

Leave a Comment

You must be logged in to access this feature.


×

StockTalk
Get our FREE StockTalk Investor Guides by sector as they are released!

Stay on top of sector specific news, get industry leaders insights and our best content, delivered to your email.

You are already a member! Please enter your password to sign in.