Beyond Meat Stock Surge Pushes Market Value Past $5 Billion

Beyond Meat Inc. bulls are clearly in control this week, with shares surging for a fourth consecutive day.

The stock rose as much as 11% on Thursday, rising to $98.78 at 12:19 p.m. in New York. The rally, with gains in eight of its 11 days as a public company, has pushed the alternative-protein maker's market value above $5.5 billion, and extended its post-IPO surge to 275%. The faux-meat maker’s value is rapidly approaching the $7.2 billion market capitalization of a more traditional meat supplier in Pilgrim’s Pride Corp.