admin Beyond Meat’s stock price saw a leap of as much as 9% on Monday as other stocks went down in reaction to the outbreak of coronavirus.
This is not as surprising as it is definitive. Serving plant-based-meat, they share prices were supposed to hike.
Going by the stats, it leapt a whopping 27% in the week ended January 10 alone, which was its best weekly gain since July.
Since its stock market debut in May last year, Beyond Meat has been one of the most unpredictable stocks.
Since then, it announced partnerships with Subway, Dunkin’, KFC, Del Taco and others.
John Dillon, Denny’s chief brand officer said, “We were thrilled to be able to answer the call from our guests to add more plant-based protein options to our menu when we launched the Beyond Burger in Los Angeles at the end of last year.”
The Monday jump of Beyond Meat’s stock trade was its highest level since mid-October. Beyond Meat has performed better than the major US indexes with a 73% year-to-date gain, and is as one of the few major 2019 IPOs to rise after its debut.
Beyond Meat traded at $128.60 per share as of 2:00 p.m. ET.
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