Plant-Based Food Stocks Declined Again Last Week

Image by Sean Hayes from Pixabay

The 5 stocks in the munKNEE Pure-Play Plant-Based Food Stocks Index consist of those companies with market caps in excess of $50M. The Index continues to trend downwards going down 2.0% this past week and is now down 24.5% since the end of July and is now down 63.4% YTD.

Below are the performances of the constituents in the index last week, in descending order, and since the end of June.

  1. Tattooed Chef (TTCF): UP 9.9% last week; UP 7.3% since the end of July.
    • 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. Oatly Group (OTLY): UP 7.9% last week; DOWN 12.1% since the end of July.
    • the world’s largest oat drink company catering primarily to customers in Sweden, Germany, United Kingdom, Netherlands, Finland, and North America.
  3. Beyond Meat (BYND): DOWN 3.7% last week; DOWN 29.5% since the end of July.
    •  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.
  4. Else Nutrition (BABYF): DOWN 6.3% last week; UP 15.7% since the end of July.
    • 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.
  5. Guru Organic Energy (CSE: GURU; GUROF): DOWN 14.5% last week; DOWN 40.3% since the end of July.
    • 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 2.0% last week and is now DOWN 24.5% since the end of July.

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