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Why Beyond Meat Stock Rose 10.4% in May

TheMotleyFool

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Shares of Beyond Meat (NASDAQ: BYND), the leading maker of plant-based meat substitutes, gained 10.4% in May, according to data from S&P Global Market Intelligence. Shares were down until the last week of the month, when an upgrade by a Wall Street analyst and presumably some buying from the Reddit meme-stock crowd sent shares surging.

For context, in May, the S&P 500 index returned 0.7%.

Thanks to last month's rise, in 2021, shares of Beyond Meat (which held its initial public offering in May 2019) are now slightly outperforming the broader market. They're up 16% through June 4, versus the S&P 500's 13.4% return. (A stock chart follows below.)

Source Fool.com

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