What's Going On With Beyond Meat Stock?

Beyond Meat, Inc. BYND shares surged Wednesday. The move follows the announcement from Tuesday in which the company stated that its Beyond Steak product is expanding distribution to multiple chains.

What To Know: The announcement follows an auspicious initial rollout, including fantastic reviews of the product which even won the PEOPLE Food Awards 2023.

AK Oghoghomeh, SVP of Global Marketing, Beyond Meat spoke about all of the excitment surrounding Beyond Steak, saying, "We are pleased by all the momentum around Beyond Steak as it validates the product's delicious taste and compelling nutritional benefits."

"Recent data from a regional chain showed that more than 50% of households that bought Beyond Steak were new to the plant-based meat category and 2 out of 3 households repurchased Beyond Steak, reinforcing that this is a product that is resonating with consumers."

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BYND Price Action: Shares of BYND were up 11.6% at $17.26 at the time of publication, according to Benzinga Pro.

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