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Beyond Meat rallied for a 3rd consecutive time Wednesday arsenic meme traders leap connected the stock.
The nutrient institution known for its plant-based burgers and sausages surged 111% astatine 1 constituent successful the premarket Wednesday. It past traded supra $6.43 per stock successful extended trading, up 77%, aft closing Tuesday astatine $3.62.
It's the latest successful an bonzer week for the stock. On Monday, the banal rallied much than 127% aft Roundhill Investments, which develops thematic ETFs, added the sanction to its Roundhill Meme Stock ETF (MEME).
That determination appeared to person the added effect of driving a abbreviated compression successful the stock, arsenic investors rushed to screen their position. According to FactSet data, much than 63% of the shares disposable for trading were sold short.
On Tuesday, Beyond Meat soared 146% successful its champion time ever, aft saying it volition grow organisation astatine Walmart's stores.
Beyond Meat, year-to-date performance
Shares of Beyond Meat person been nether unit for a agelong time. After making its nationalist debut successful 2019, erstwhile the banal soared past $230 per share, it has since go a penny stock. The banal has slid successful each of the past 5 years, falling much than 47% successful 2021, 81% successful 2022, 27% successful 2023, and 57% successful 2024. It's down much than 3% successful 2025.
The latest atrocious quality for the banal came past week, erstwhile shares tumbled much than 67% to extremity the week astatine conscionable 65 cents aft Beyond Meat said it has finalized a indebtedness deal.
This week's comeback, however, is reminiscent of the tallness of the pandemic, erstwhile retail traders took to connected online connection boards specified arsenic WallStreetBets to coordinate moves down high-risk, assertive trades.
In 2021, Bank of America said Beyond Meat was a Reddit banal to watch, though it ended that aforesaid twelvemonth with losses.
The instrumentality of Beyond Meat could beryllium the latest awesome of a frothy market, 1 that is relentlessly climbing higher successful spite of concerns astir elevated valuations and a imaginable AI bubble. Indeed, Roundhill unopen its meme ETF down astatine 1 constituent due to the fact that of deficiency of interest. It revived it earlier this period arsenic retail traders dove backmost into the bull market.
In effect to idiosyncratic connected Reddit's online forum WallStreetBets saying they bought 10,000 shares of Beyond Meat for $7.50, 1 commenter wrote Wednesday, "Youre already down 7k, impressive."
Another posted: "You cognize the system is cooked erstwhile BYND banal is making a comeback."
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