Plant-Based Food Stocks Continue To Plummet: Now -72% YTD

Image by Sean Hayes from Pixabay

The 5 stocks in the munKNEE Pure-Play Plant-Based Food Stocks Index continue to trend downward, going DOWN 11.1% this week (DOWN 14.7% the previous week), and are now DOWN 25.6% since the beginning of September (i.e. MTD) and are now DOWN 72.3% YTD.

Below are the performances of the constituents in the index this week, in descending order, MTD, and YTD.

  1. Guru Organic Energy (CSE: GURU; GUROF); No Change this week; DOWN 14.9% MTD; DOWN 66.3% YTD
    • a Montreal, Canada beverage company launched in 1999, when it pioneered the world’s first natural, plant-based energy drink.
  2. Else Nutrition (BABYF): DOWN 6.8% this week; DOWN 12.7% MTD; DOWN 38.2% YTD
    • an Israel-based food and nutrition company focused on developing innovative, clean, and plant-based food and nutrition products for infants, toddlers, children, and adults.
  3. Tattooed Chef (TTCF): DOWN 9.9% this week; DOWN 14.4% MTD; DOWN 10.2% YTD
    • offers a broad portfolio of plant-based food products that are available in the frozen food sections of national retail food stores across the United States.
  4. Oatly Group (OTLY): DOWN 10.0% this week; DOWN 11.2% MTD; DOWN 66.2% YTD
    • the world’s largest oat drink company catering primarily to customers in Sweden, Germany, United Kingdom, Netherlands, Finland, and North America.
  5. Beyond Meat (BYND): DOWN 14.2% this week; DOWN 33.0% MTD: DOWN 75.9% YTD 
    • seeks to replicate the look, cook, and taste of meat. Its products are sold in the meat case of retail food stores across the U.S. and Canada and 83 other countries.

In total, the munKNEE Pure-Play Plant-Based Food Stocks Index went DOWN 11.4% this week, is DOWN 25.6% MTD and is now DOWN 72.3% YTD.

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