BRDS - Tattooed Chef (TTCF) Stock Jumps 10% on Walmart Deal
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Tattooed Chef (NASDAQ:TTCF) stock is heading higher on Wednesday as investors react to a new distribution deal with Walmart (NYSE:WMT).
Tattooed Chef already offers up five SKUs of its products at 300 Walmart stores. However, this new deal expands that to 13 SKUs and increases the number of stores they will be available in to 2,000.
That’s a massive increase in visibility for Tattooed Chef products as it gains more shelf space and reaches a larger part of the country. The company notes that the new products will start showing up at Walmart locations no later than October 2022.
Tattooed Chef offers a series of frozen meals for consumers. Its focus is on plant-based foods. Some of the company’s offerings include zucchini spirals, riced cauliflower, cauliflower pizza crusts, wood-fired plant-based pizzas, handheld burritos, quesadillas, and more.
TTCF Stock is Also Benefiting From Another Deal Today
To go along with the Walmart distribution news, Tattooed Chef also announced an agreement with Desert Premium Group. This has it acquiring $10 million in assets from the company. This comes with a lease agreement for an 80,000-square-foot manufacturing facility in Albuquerque, New Mexico where the assets are located.
Today’s news has TTCF stock experiencing heavy trading on Tuesday. That includes some 1.5 million shares on the move as of this writing. For comparison, the company’s daily average trading volume is closer to 557,000 shares.
TTCF stock is up 11.5% as of Wednesday afternoon.
There’s more recent stock market news worth diving into below!
We’ve got a collection of all the latest stock news for traders to sink their teeth into today! That includes what has shares of Farfetch (NYSE:FTCH), Coinbase (NASDAQ:COIN), and Bird Global (NYSE:BRDS) stock moving. You can catch all of that news at the following links!
More Wednesday Stock Market News
- Why Is Farfetch (FTCH) Stock Up 15% Today?
- Coinbase: Could a Shift in Business Model Aid COIN Stock?
- Why Is Bird Global (BRDS) Stock Up 17% Today?
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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