Why Beyond Meat Stock Is Soaring Again Today
Beyond Meat (NASDAQ: BYND) continued its week-long tear, rising nearly 13% heading into the market's close on Thursday after securing a new $150 million credit line to finance new growth initiatives.
The plant-based meat alternative company got a major boost for global expansion opportunities after Starbucks (NASDAQ: SBUX) announced earlier this week it would introduce Beyond Meat products to its menu in China. Starbucks has reopened nearly all of its restaurants in China after the COVID-19 outbreak temporarily closed the locations.
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Source Fool.com
