Why Beyond Meat stock surged 46% in January

Source: The Motley Fool 

Shares of plant-based meat company Beyond Mea surged 46.1% last month, according to data from S&P Global Market Intelligence.

This sharp move propelled the stock beyond the $100 level, but note that this was still more than 50% below the peak of $235 reached back in July 2019. However, it’s becoming increasingly apparent that Beyond Meat is back to being a growth stock again.