vegan news anti-speciest news animal rights news
vegan news anti-speciest news animal rights news

Capitalism

May 26, 2020 - 24/7 Wall St.

How Non-Vegans Lift Beyond Meat Stock

How Non-Vegans Lift Beyond Meat Stock
Beyond Meat Stock ChartCredit: Yahoo Finance

Beyond Meat Inc. (NASDAQ: BYND) has been a Wall Street darling since its initial public offering on May 2, 2019. Although the stock price for the producer of plant-based meat substitutes is down nearly 100 points from a spike last July, it is up more than 70% year over year and more than 180% from its 52-week low in March.

The company is courting consumers beyond what might at first glance seem to be the natural market: vegans and vegetarians. Only 1 in 8 Americans have ever considered themselves to be vegan or vegetarian, according to Vegan Bits.

The products’ availability in restaurants, food services and grocery stores is putting it on the plates of part-time vegetarians, known as “flexitarians.” Recent meat shortages stemming from supply-chain problems caused by COVID-19 outbreaks at meat-packing plants have been attracting customers who are simply seeking a protein source.

Continue Reading at:

24/7 Wall St.


Capitalism — Feature Articles

Most Read - Last 30 Days

  1. USA: Trump Administration OKs Beaver Killing in Oregon, Despite Harm to Endangered Salmon, Steelhead
  2. Exploiting Animals Is Killing Us and the Planet
  3. ESTONIA: Animal rights activists, conservationists oppose legalization of bowhunting
  4. China Ends Animal Testing For Imported 'Ordinary' Cosmetics In Game-Changer For Cruelty-Free Beauty
  5. Impossible Foods CEO says the meat industry will be obsolete in 15 years — 'That's our mission'
  6. German coronavirus outbreak at abattoir infects more than 1,000
  7. Red meat link to dementia with excessive amounts of iron limiting brain function
  8. USA: EPA Tests Chemicals on at Least 23,000 Animals Per Year, Plans Phase Out by 2035
  9. Reasons Why Eating Fish Is Not That Healthy
  10. UK: Rotting corpses & animal abuse at farms supplying pig meat

Some photos and photo services
generously donated by Photabulous

Photabulous

Fabulous Photos

PARIS · TORONTO · AMSTERDAM


veganauthority