Why Beyond Meat Sank 4% Today

Why Beyond Meat Sank 4% Today
Rich Duprey, The Motley Fool
·2 min read

Shares of Beyond Meat (NASDAQ: BYND) fell by 4% Monday after food industry giant Tyson Foods (NYSE: TSN) announced it was launching its own line of plant-based burgers. On the other hand, this is also Tyson's second attempt at a plant-based burger. Tyson Foods is the biggest producer of beef, poultry, and pork in the country, but it is also smart enough to see the trends and recognize when there are markets to exploit.