Why Beyond Meat Stock Was Cookin' on Thursday
Shares of Beyond Meat (NASDAQ: BYND) surged sharply higher Thursday, jumping as much as 6.9%. As of 12:18 p.m. ET, the stock was still up 4.4%.
The catalyst that sent the maker of plant-based meat substitutes higher was a pair of updates regarding two increasingly important partnerships.
McDonald's (NYSE: MCD) said on Thursday that it will expand its ongoing test of the McPlant burger. The vegetarian-friendly patty was created in partnership with, and supplied by, Beyond Meat. The burger is "made from plant-based ingredients like peas, rice and potatoes," and served exclusively at McDonald's, according to an updated press release.
Source Fool.com
