Why Beyond Meat Stock Just Soared
Shares of plant-based meat company Beyond Meat (NASDAQ: BYND) soared on Thursday -- a day late. The company made a big announcement on Wednesday, and the stock spiked higher in pre-market trading. However, the broad market sell-off yesterday took Beyond Meat stock down with it. But with volatility dying down today, shares were able to fly, rising 13% as of 2 p.m. ET.
Beyond Meat's chicken alternative will be released at Yum! Brands' Kentucky Fried Chicken (KFC) across the country on Jan. 10, according to yesterday's official press release. Beyond Fried Chicken has been offered for a limited time at KFC before, and this release will also be for a limited time. However, this is the first time KFC is releasing the limited-time menu item to more than just a handful of locations.
Image source: Beyond Meat.
Source Fool.com
