Beyond Meat's shares jump 8% after European production deal is signed

Shares of Beyond Meat jumped 8% in morning trading Tuesday after the company said it has signed a deal to start producing its plant-based meat substitutes in Europe next year. Beyond’s stock, which has a market value of $5 billion, has surged 241% since it went public at the beginning of May. The company has expanded its partnership with Zandbergen World’s Finest Meat to make its vegan meat alternatives in the Netherlands at a new manufacturing facility.
Read more: https://www.cnbc.com/2019/05/28/beyond-meats-shares-jump-2percent-after-inking-european-production-deal.html?source=Snapzu