Nestle's Sweet Earth brand launched its own plant-based burger. Impossible Foods announced that its burger is available in stores on the East Coast.
Beyond Meat shares fell as much as 7% on Wednesday, hitting its lowest point in three months. Nestle's Sweet Earth brand launched its"Awesome Burger" in restaurants and stores Wednesday. Impossible Foods also announced its burger is available at East Coast grocers. Increased competition in plant-based meat adds extra pressure to Beyond Meat and is one of the reasons Wall Street analysts are neutral or negative on shares. Watch Beyond Meat trade live on Markets Insider.
Beyond Meat shares fell as much as 7% on Wednesday, hitting its lowest point in three months. Nestle's Sweet Earth brand launched its"Awesome Burger" in restaurants and stores Wednesday. Impossible Foods also announced its burger is available at East Coast grocers. Increased competition in plant-based meat adds extra pressure to Beyond Meat and is one of the reasons Wall Street analysts are neutral or negative on shares. Watch Beyond Meat trade live on Markets Insider.
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