Why Beyond Meat Stock Is Up Today

Beyond Meat stock rallied 5.69% after announcing the launch of Beyond Steak Filet at major grocery chains Wegmans and H-E-B. The product, which features 28g of plant protein and 1g saturated fat per serving, has received overwhelmingly positive feedback and is the top-selling item on the company's e-commerce site. The expansion comes as Beyond Meat attempts to reverse declining sales, which fell 15% year-over-year to $58 million in Q1.