|Bid||141.69 x 1300|
|Ask||141.87 x 800|
|Day's Range||140.77 - 146.87|
|52 Week Range||48.18 - 239.71|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul. 27, 2020 - Jul. 31, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||100.62|
Companies in the news are: M, FDX, BYND, TTOO
Investors need to pay close attention to Beyond Meat (BYND) stock based on the movements in the options market lately.
Shares of Beyond Meat (NASDAQ: BYND) climbed on Wednesday after the meat alternatives company announced a new partnership with one of the largest and most powerful companies in China. Beyond Meat's plant-based burger patties will be sold at 50 of Alibaba's (NYSE: BABA) Freshippo grocery stores in Shanghai, beginning this weekend. The two companies plan to roll out the Beyond Burger to additional Freshippo stores in Beijing and Hangzhou in September.
(Bloomberg) -- Beyond Meat Inc. is headed somewhere it’s never been before: supermarket shelves in mainland China.The faux-meat maker will begin selling its plant-based burger in the frozen section of 50 Freshippo stores in Shanghai this weekend, Beyond said in a statement. Starting in September, it will expand to 48 more locations, in Beijing and Hangzhou, of the Alibaba Group Holding Ltd.-owned chain.“Retail will be a critical part of our success in China,” Beyond Chief Executive Officer Ethan Brown said in the statement.Beyond Meat shares jumped as much as 10% to $147.89 in at 9:39 a.m. in New York. It’s the biggest one-day gain for the stock since June 8.The supermarket partnership extends Beyond’s reach into a large and potentially lucrative market after it made inroads in China with restaurant chains such as Starbucks Corp. and Yum China Holdings Inc. Beyond rival Impossible Foods Inc. also has stated ambitions to enter the country, which accounts for more than a quarter of global meat consumption.With the global coronavirus pandemic disrupting the supply chain for beef and chicken, consumers have increasingly gravitated toward meat alternatives. Sales of plant-based meat products surged 264% in the U.S. in the early months of the lockdown.While there are mounting concerns over pandemic-related troubles for the restaurant industry, Beyond Meat’s shares have risen more than 75% so far this year.(Updates Wednesday’s share performance in the fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Alternative meat producer Beyond Meat (NASDAQ: BYND) announced a new partnership with Alibaba (NYSE: BABA) to expand its reach in mainland China, according to CNBC. The company's Beyond Burgers will initially be sold in 50 of Alibaba's Freshippo grocery stores in Shanghai beginning Saturday. Beyond Meat already has a presence in mainland China through partnerships with Starbucks (NASDAQ: SBUX) and Yum China (NYSE: YUMC).
Beyond Meat is starting to hit supermarket shelves in China after it first entered the country in April by supplying Starbucks' plant-based menu. Within weeks, it had also forayed into select KFC, Taco Bell and Pizza Hut outlets -- all under the Yum China empire. China, the world's biggest market for meat consumption, has seen a growing demand for plant-based protein. Euromonitor predicted that the country's “free from meat” market, including plant-based meat substitutes, would be worth almost $12 billion by 2023, up from just under $10 billion in 2018.
Beyond Meat announced that it would be launching retail sales of its burger patties in Mainland China through Freshippo Markets, a company under Alibaba Group Holding. The deal will begin out of 50 stores in Shanghai with plans to expand to another 48 stores in Beijing and Hangzhou by September. Yahoo Finance’s Heidi Chung joins The Final Round panel breaks down the details.
PHILADELPHIA, July 01, 2020 -- Kehoe Law Firm, P.C. continues its investigation of potential breaches of fiduciary duty claims involving certain officers and/or directors of.
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