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Why Beyond Meat Stock Skyrocketed Today

TheMotleyFool

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Beyond Meat (NASDAQ: BYND) stock posted a day of huge gains on Monday. The meat-alternatives company's share price closed out the day's trading up 41%. Meanwhile, the S 500 and the Nasdaq Composite each closed out the session down 0.3%.

Beyond Meat's valuation surged higher today thanks to meme-stock momentum and the company's recent move into new product categories. Despite today's pop, the stock is still down 58% over the last year and 99% over the last five years.

Image source: Getty Images.

Source Fool.com

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