Beyond Meat stock price rises again after meme buying
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Beyond Meat It rallied for the third straight day on Wednesday as meme traders jumped into the stock.
The food company, known for its plant-based burgers and sausages, was up 111% at one point in premarket Wednesday. It last traded above $6.43 per share, up 77% after closing at $3.62 on Tuesday.
It’s the latest in an extraordinary week for the stock. The stock gained more than 127% on Monday after Roundhill Investments, which develops thematic ETFs, added the name to its Roundhill Meme Stock ETF (MEME).
This decision appeared to have the additional effect of causing a short squeeze in the stock as investors rushed to cover their positions. More than 63% of publicly traded shares were sold short, according to FactSet data.
On Tuesday, Beyond Meat soared 146% on its best day ever after announcing it would expand distribution at Walmart stores.
Beyond Meat’s year-to-date performance
Beyond Meat’s shares have been under pressure for a long time. After going public in 2019, when the stock rose to over $230 per share, it has since become a penny stock. The stock has fallen in each of the last five years; It is down more than 47% in 2021, more than 81% in 2022, more than 27% in 2023, and more than 57% in 2024. It fell more than 3% in 2025.
The latest bad news for the stock came last week, when shares fell more than 67% after Beyond Meat, closing the week at just 65 cents. in question concluded a debt agreement.
But this week’s reversal is reminiscent of the height of the epidemic, when retail traders turned to online message boards like WallStreetBets to coordinate moves behind high-risk, aggressive trades.
Bank of America said Beyond Meat is a Reddit stock to watch in 2021, but it ended the year with losses.
Beyond Meat’s comeback could be the latest signal of a frothy market that has been rising steadily despite rising valuations and concerns about a possible AI bubble. Indeed, Roundhill shut down its meme ETF at one point due to lack of interest. It revived earlier this month as retail traders returned to the bull market.
A commenter responded to someone on Reddit’s online forum WallStreetBets saying he bought 10,000 shares of Beyond Meat for $7.50. wrote Wednesday, “You’re already down 7k, impressive.”
Another shared: “You know the economy is cooking when BYND shares are making a comeback.”
