Plant-Based Food Stocks Continue To Crater: -13.4% This Week

Image by Sean Hayes from Pixabay

There are only 5 stocks in the munKNEE Pure-Play Plant-Based Food Stocks Index and they are those in the sector that have market caps in excess of $50M. The Index was dragged down another 13.4% this week (-15.2% last week), primarily by a further 15.0% drop in the price of Beyond Meat stock (-20.5% last week) and a 30.2% drop in the price of the Guru Organic Energy Drink stock.

Below are the performances of the constituents in the index this week, in descending order, with their performances since the end of June in brackets:

  1. Tattooed Chef (TTCF): UP 5.2% this week (now UP 13.2% since the end of June)
    • 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.
  2. Else Nutrition (BABYF): DOWN 3.1% this week (now DOWN 36.7% since the end of June)
    • 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. Oatly Group (OTLY): DOWN 4.1% this week (now DOWN 6.1% since the end of June)
    • the world’s largest oat drink company catering primarily to customers in Sweden, Germany, United Kingdom, Netherlands, Finland, and North America.
  4. Beyond Meat (BYND): DOWN 15.0% this week (still UP 3.6% since the end of June)
    •  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.
  5. Guru Organic Energy (CSE: GURU; GUROF): DOWN 30.2% this week (DOWN 30.2% since the end of June)
    • a Montreal, Canada beverage company launched in 1999, when it pioneered the world’s first natural, plant-based energy drink.

In total, the munKNEE Pure-Play Plant-Based Food Stocks Index went DOWN 13.4% this week and is now DOWN 2.4% since the end of June. 

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