Why Beyond Meat Is Rising Today
Shares of Beyond Meat (NASDAQ: BYND) are rising 5% in morning trading Thursday after Bloomberg reported rival plant-based meat alternative maker Impossible Foods may have a longer wait than initially believed to secure regulatory approval to enter China.
Beyond Meat is already on the ground in China and ready to run, building two processing plants near Shanghai. The longer Impossible Foods is tied up in the regulatory labyrinth, the greater the distance Beyond Meat can place between itself and its biggest competitor in capturing market share.
Image source: Beyond Meat.
Source Fool.com
