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.
Want more of today’s best plant-based news, recipes, and lifestyle?
Get our award-winning magazine!