Beyond Meat Rockets 146% As Meme Stock Mania Returns

Benzinga

Beyond Meat shares soared 146% after joining the Meme Stock ETF and announcing expanded Walmart distribution. A massive short squeeze fueled the rebound, reviving 2021-style retail trading mania.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Beyond Meat shares skyrocketed more than 146% Tuesday in their biggest single-day gain ever, according to CNBC.

00:10Stock capped a two-day surge of over 127% Monday after being added to Roundup Investments' meme stock ETF.

00:16Rally intensified after Beyond Meat announced a deal to expand its Walmart distribution nationwide,

00:21triggering a short squeeze as more than 63% of available shares had been sold short.

00:25For Faxet, a stock which fell 67% last week after finalizing a debt deal, now trades near $2 after bottoming at $0.65.

00:34Rebound marks a striking return to meme stock status for the company once celebrated on Reddit boards,

00:39echoing speculative frenzies from 2021.

00:42Retail traders pile into high-risk names.

00:44For all things money, visit Benzinga.com.

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