Beyond Meat Stock Soars in Meme-Stock Rally
Shares of Beyond Meat have surged nearly 300% amid speculation of joining meme stocks. The sudden spike follows a turnaround from offering to retire convertible notes, leading to social media buzz and institutional interest. Beyond Meat's stock rally, driven by short squeeze and Walmart partnership, mirrors past meme-stock frenzies. Despite the surge, the company faces challenges with declining sales and profitability concerns. The enthusiasm among retail investors and comparisons to GameStop and AMC highlight the stock's volatile nature and uncertain future.