Fake News About Fake Meat? Here’s What’s Going On With Beyond Meat Shares Today – Benzinga – Benzinga

Beyond Meat Inc BYND shares are trading higher by 9.82% at $39.02 following a report from Fast Company indicating Beyond Meat-based McPlant burger will become a permanent menu item at McDonalds MCD. A subsequent Bloomberg report said McDonalds denied the implications of the report.

Beyond Meat shares were initially halted for volatility at 2:20 p.m. ET, up 20%. Shares resumed out of the halt higher by 27% before a second volatility halt took place at 2:36 p.m. ET.

Before the second volatility halt was lifted, the Benzinga newsdesk reported a Bloomberg update on the matter, with McDonalds saying the company has no new Plans with Beyond Meat to announce, McDonald's calling the Fast Company report "misconstrued."Shares fell to the $39.00-level upon resumption fromthe second volatility halt.

According to data from Benzinga Pro, Beyond Meat has a 52-week high of $160.28 and a 52-week low of $35.41.

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Fake News About Fake Meat? Here's What's Going On With Beyond Meat Shares Today - Benzinga - Benzinga