Major Plant-Based Food Stocks Continued To Decline In September

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 6.7% this past week (DOWN 11.1% the previous week), DOWN 30.6% in September and are now DOWN 74.2% YTD.

Below are the performances of the constituents in the index last week, in descending order, and for the month of September.

  1. Guru Organic Energy (CSE: GURU; GUROF); No Change in price last weekDOWN 14.9% in September
    • a Montreal, Canada beverage company launched in 1999, when it pioneered the world’s first natural, plant-based energy drink.
  2. Oatly Group (OTLY): DOWN 2.2% last weekDOWN 13.2% in September
    • the world’s largest oat drink company catering primarily to customers in Sweden, Germany, United Kingdom, Netherlands, Finland, and North America.
  3. Else Nutrition (BABYF): DOWN 5.5% last weekDOWN 17.5% in September
    • 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.
  4. Tattooed Chef (TTCF): DOWN 5.5% last weekDOWN 19.2% in September
    • 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.
  5. Beyond Meat (BYND): DOWN 9.7% last weekDOWN 39.5% in September
    • 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 6.7% last week, went DOWN 30.6% in September and is now DOWN 74.2% YTD.

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