Plant-Based Stocks Are Hot Amongst Traders

Stocks for parent company of So Delicious, Silk, and Vega are attracting larger stock traders.


Share this
VegNews.SoDeliciousCashewMilkIceCream

Recent stock trading analytics for WhiteWave Foods Company (WWAV)—the parent company of plant-based brands So Delicious, Silk, and Vega, amongst others—indicated increased engagement amongst prominent stock traders. The company experienced an inflow of $3.14 million last week, with a favorable bull-to-bear ratio of 2.63 which, according to stock market analyst Bill Dery, indicates a “strong buying in the stock by large traders.” WWAV’s stocks are generally on an uptick with an increase in value of over 18 percent in the last three-month period and a nearly 42 percent spike in year-to-date stock performance. While WWAV’s holdings are not exclusively vegan, the company credited its 28 percent growth in profits—$43 million in the first quarter of 2016—to its plant-based holdings. WWAV was purchased by Dannone for $12.8 billion in July as part of the global yogurt giant’s plan to diversify its portfolio with more profitable plant-based brands.