Why Beyond Meat's Stock Is Trading Higher Today

Beyond Meat Inc BYND shares are trading higher on Wednesday after the company announced it will enter the Brazilian market.

The shares of several consumer staples companies are also trading higher amid overall market strength as positive coronavirus vaccine developments boost investor outlook for an economic rebound.

Beyond Meat is a Los Angeles-based producer of plant-based meat substitutes. The company was founded in 2009 by Ethan Brown.

Beyond Meat shares were trading up 5.52% at $134.83 at the time of publication on Wednesday. The stock has a 52-week range between $239.71 and $48.18.

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