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Why Beyond Meat Stock Jumped Today

TheMotleyFool

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Shares of Beyond Meat (NASDAQ: BYND) climbed on Wednesday after the meat alternatives company announced a new partnership with one of the largest and most powerful companies in China.

At 2:45 p.m. EDT, Beyond Meat's stock was up 5% after rising as much as 13% earlier in the day.

Beyond Meat's plant-based burger patties will be sold at 50 of Alibaba's (NYSE: BABA) Freshippo grocery stores in Shanghai, beginning this weekend. The two companies plan to roll out the Beyond Burger to additional Freshippo stores in Beijing and Hangzhou in September.

Source Fool.com

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