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High Flying Beyond Meat Shares: The Next Amazon or GoPro

While the U.S. stock market gyrates minute by minute over every trade tweet by President Donald Trump, so far in its short life one new midcap seems immune to the market’s anxiety: Beyond Meat (ticker: BYND).

It appears that not just vegetarians like the offerings of BYND, where trading has been active since the company’s initial public offering on May 2 at $25 per share. The stock has quickly nearly quadrupled this month and recently fetched $98.59 per share. With roughly 60 million shares outstanding, this maker of plant-based “meat” products sports a market valuation of nearly $6 billion on total sales of $88 million last year. You could say the stock is sizzling.

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