BYND: Beyond Meat Stock Rockets 146% as Retail Traders Go for the Short Squeeze
1 دقيقة للقراءة
النقاط الرئيسية:
- Beyond Meat stock sizzles
- Retail traders rush in
- Meme ETF makes waves
Veggie burger maker is the hottest stock in meme town as the retail army is back at it again with another painful short squeeze.
🔥 Penny Stock on the Run
- Beyond Meat
BYND shares exploded 146% on Tuesday, marking the company’s best single day ever and capping off a three-day gain of more than 600%.
- The frenzy started Monday when Roundhill Investments added Beyond to its Roundhill Meme Stock ETF
MEME — instantly catching the attention of retail traders.
- The rally snowballed Tuesday after Beyond announced a new Walmart distribution deal, expanding its plant-based products to more stores across the US. That headline was the spark, but the real fire came from traders squeezing out short sellers.
📈 Short Squeeze Served Extra Crispy
- More than 63% of Beyond Meat’s tradable shares had been sold short, making it one of the most heavily shorted stocks in the market. Once the ETF inclusion hit, bears started scrambling to buy back shares, igniting a classic short squeeze.
- The result? A stock that had collapsed 67% last week, tumbling to a record low of 50 cents, suddenly rocketed to around $3.60 — a sevenfold increase in less than a week.
💡 Fundamentals Still Undercooked
- The hype doesn’t change the fact that Beyond Meat’s business is still struggling. The company continues to face declining revenue, rising costs, and falling consumer demand for plant-based meats.
- Despite Tuesday’s pop, Beyond has lost money for five straight years, and last week’s debt restructuring highlighted just how tight its financial leash is.
- In 2019, the stock traded north of $230 after its blockbuster IPO. Since then, it’s been one long slide into penny-stock territory.