Why Beyond Meat's Stock Is Trading Higher Friday

Beyond Meat Inc BYND shares are trading higher on Friday.

It was reported earlier this week Starbucks Corporation SBUX will introduce three Beyond Meat items in China, and the company also announced a new $150-million revolving credit facility.

Beyond Meat is a Los Angeles-based producer of plant-based meat substitutes. The company was founded in 2009 by Ethan Brown.

Beyond Meat shares were trading up 8.74% at $108.50 on Friday. The stock has a 52-week range between $239.71 and $45.

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Photo courtesy of Beyond Meat.