I'm LongbridgeAI, I can summarize articles.Planet Green (PLAG) stock surged nearly 800% after announcing a business expansion into sourcing and distributing lactoferrin, a key ingredient for immune products. The company aims to tap into the growing Chinese market, which accounts for a significant portion of the global lactoferrin industry. Additionally, Planet Green plans to appoint a Chief Scientist to drive scientific investments and new product launches. Despite the rally, historical performance shows volatility, with shares down over 69% in the past year but up more than 130% year-to-date.
Planet Green (PLAG) stock rallied 792.7% on Tuesday after the tea company announced a business expansion in a press release. The company said that it has entered commercial operations to source and distribute lactoferrin, a glycoprotein used in infant formula, sports nutrition, dietary supplements, and immune products. It also noted that it already uses lactoferrin in its chewable immune tablets and plans to expand its access to the growing ingredient market.
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Planet Green said China represents about 22% of the estimated $300 million global lactoferrin market and imports most of its supply. The company is targeting the Chinese market, where annual lactoferrin sales are expected to exceed $100 million by 2030.
"Lactoferrin is a crucial glycoprotein that is part of your body's immune response and is the hero ingredient in our chewable immune tablets," said Planet Green CEO Zhou Bin. He added that greater access to the ingredient could support the company's market position as consumer demand grows.
In addition to this update, Planet Green said plans to add a Chief Scientist to its executive team. The role will focus on scientific investments and joint ventures. This person will also focus on new product launches. The company said it has identified a candidate from a leading U.S. academic institution and is in advanced talks to fill the position.
How Has PLAG Stock Performed Historically?
Looking at PLAG stock's performance in 2026, the stock has risen 130.59% year-to-date. However, the shares were still down 69.26% over the past 12 months. Even so, today's rally could erase the stock's fall over the past year, so long as it can maintain today's price.
Today's news also brought heavy trading activity to PLAG stock, with 176.46 million shares traded as of this writing. That's well above the company's three-month average daily trading volume of 155,530 shares.
Is Planet Green Stock a Buy, Sell, or Hold?
Turning to the TipRanks technical analysis tool, traders can gain additional insight into Planet Green stock. The one-day Overall Consensus for PLAG stock is Sell, based on 14 Bearish, four Neutral, and four Bullish indicators. (See PLAG Stock Forecast)