Beyond Meat, Sea, Simply Good Foods, GM: What to Watch in the Stock Market Today

Updated Jan. 5, 2022 9:33 am ET

Stocks on Wall Street are wavering ahead of the release of minutes from the Federal Reserve’s latest policy meeting. Here’s what’s moving in Wednesday’s trading:

Plant-based meat producer Beyond Meat is enjoying a Colonel Sanders rally after it said its faux fried chicken product is coming to KFC locations in the U.S. next week.

Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products for sale on Nov. 15, 2019 in New York City.

Photo: angela weiss/Agence France-Presse/Getty Images

Longeveron shares jumped after the biotech said in a press release that it was launching a phase 2a clinical trial for a treatment for Alzheimer’s disease.
Shares of Mainz Biomed were also soaring after the molecular genetics diagnostic company said it secured an exclusive license to a portfolio of novel mRNA biomarkers for potential integration into a test for colorectal cancer.
Toyota outsold General Motors for the first time last year as a global computer-chip shortage dealt an uneven blow to car businesses.
Furniture maker MillerKnoll said losses widened in the fiscal second quarter as supply chain and labor disruptions affected sales despite strong order demand.
Smart Global Holdings announced a 2-for-1 share split as it reported a first-quarter profit surge and 61% sales increase.
U.S.-traded shares of Sea were feeling seasick after Tencent cut its stake in the highly valued Southeast Asian internet company, shedding an ownership position that was worth about $3 billion.
Office REIT Alexandria Real Estate Equities set the pricing for a public offering of 7 million shares.
Denver-based food company Simply Good Foods, which makes products under the Atkins and Quest brands, reported an earnings beat and raised its sales forecasts for the year.
Landec is among the companies reporting earnings Wednesday.