Shares of Beyond Meat (BYND) are surging after it reported skyrocketing sales in the first three months of 2019.
The company, which made its Wall Street debut in early May, said Thursday that quarterly sales hit $40.2 million, a 215% jump compared to the same period last year.
That drove the stock up more than 25% in premarket trading.
Beyond Meat, which makes plant-based protein, has generated significant hype in recent weeks on the back of its successful public offering.
If shares jump as much as expected when US markets open, its stock would be at nearly five times its IPO price of $25 per share.
https://www.cnn.com/business/live-news/stock-market-news-today-060719/index.html
2019-06-07 11:49:00Z
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