US EditionBeyond Meat shares briefly sizzle on Walmart deal and meme stock interest
Shares jumped over 100% early in the week after Beyond Meat expanded Walmart distribution and was added to a meme stock exchange-traded fund, despite ongoing revenue declines.
- On Wednesday, Beyond Meat, the El Segundo, California-based plant-based meat company, saw shares more than double early then close at $3.58, down 1%, after trading as low as 50 cents last week.
- On Monday, Roundhill Investments added Beyond Meat to its Meme Stock ETF, sparking renewed interest as investors also cheered Tuesday's Walmart announcement.
- Last week, the company announced the expiration of lock-up restrictions on some of its 326 million new shares, freeing shareholders to sell as part of a debt-reduction plan.
- Amid weak demand in recent years, Beyond Meat launched a direct-to-consumer website this week as net revenue fell 15% in the first six months of this year.
- The Meme Stock ETF focuses entirely on stocks propelled by social media-driven hype, and Beyond Meat's 2019 Nasdaq debut made it a frequent target of short sellers.
45 Articles
45 Articles
Up 454% in a Week, Is This Company the Meme Stock of 2025?
Key PointsBeyond Meat shares dropped below $1 after the company announced massive share dilution.The stock's recent rally has been fueled by inclusion in a meme stock ETF.10 stocks we like better than Beyond Meat › Short-sellers, beware! It looks like there may be another GameStop-style squeeze afoot. But this time, it's not a retailer in the hot seat but plant-based burger and sausage maker Beyond Meat (NASDAQ: BYND). Can the beaten-down vegan …
What's Driving Beyond Meat's 19% Pre-Market Drop? (CORRECTED) - Beyond Meat (NASDAQ:BYND), Roundhill ETF Trust Roundhill Meme Stock ETF (ARCA:MEME)
Editor’s note: The story has been corrected to reflect Beyond Meat’s correct trading volume on Wednesday and the pre-market movement on Thursday. Beyond Meat Inc. (NASDAQ:BYND) shares dropped 19% to $2.90 in pre-market trading on Thursday. Check out the current price of BYND stock here. Short Squeeze Rally Shares surged 127% on Monday and 146.26% on Tuesday following the stock's addition to the Roundhill Meme Stock ETF (NYSE:MEME). The rally was…
Beyond Meat Is a Terrible Company
Beyond Meat Inc. (NASDAQ: BYND) stock is up 450% this week after huge gyrations up and down. However, what traders should look at is that it is a terrible company with products few people want and terrible financial results that go back years. While the stock may rise, its prospects never will. People don’t want “meatless meat.” 24/7 Wall St. Key Points: Beyond Meat Inc. (NASDAQ: BYND) stock has gyrated wildly recently. It is still a company …
Click on Detroit
Beyond Meat shares briefly sizzle on Walmart deal and meme stock interest
Beyond Meat’s shares are sizzling once again.
Wall Street sets Beyond Meat stock price for the next 12 months
Beyond Meat (NASDAQ: BYND) shares were up nearly 420% on the five-day chart at one point on Thursday, October 23, drawing market attention as investors gather around the next big meme stock. The rally was triggered by the company’s $1.1 billion tender offer last week to repurchase its convertible debt, which generated 316.2 million new shares. While the move first sent the price lower, traders were quick to realize the offer helped the company g…
Coverage Details
Bias Distribution
- 76% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
