"After closing around $0.64 per share on Friday, BYND stock jumped to $1.53 per share by the end of Monday and was up to as much as $2.48 per share today, a 388% gain. This spike has caught the attention of retail investors and meme stock enthusiasts, driving massive trading volume - over 476 million shares today alone and far exceeding the daily average of 37.7 million."
"Key factors behind the surge include BYND's addition to the Roundhill Meme Stock ETF ( NYSEARCA:MEME ), which targets volatile names popular among online traders. The plant-based meat company also announced an expanded partnership with Walmart ( ), rolling out a new Beyond Burger 6-pack and increasing product availability to over 2,000 stores. Bank of America also recently highlighted BYND on its list of Reddit meme stocks to watch, echoing a similar call from 2021 that preceded volatility."
"Yet the biggest catalyst is a short squeeze: with high short interest, rising stock prices have forced sellers to buy back shares, amplifying the rally. But are these enough for BYND to hold onto its gains, or will it crash again? The Illusion of Short-Term Catalysts While BYND's stock can certainly skyrocket further in the near term - potentially doubling or tripling again amid frenzied meme stock trading - these drivers lack substance for long-term value."
Beyond Meat shares surged from about $0.64 to as high as $2.48 over two days, a 388% increase, with trading volume exceeding 476 million shares versus a 37.7 million average. Factors driving the move include addition to Roundhill's Meme Stock ETF, an expanded Walmart partnership introducing a Beyond Burger 6-pack in over 2,000 stores, and Bank of America listing BYND among Reddit meme stocks to watch. A short squeeze amplified the rally as rising prices forced short sellers to buy back shares. Those catalysts are speculative and do not reflect earnings growth or operational improvements, increasing the risk of sharp declines.
Read at 24/7 Wall St.
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