Beyond Meat Stock Soars 1,000% In Four Days-What's Going On?

Benzinga

Beyond Meat shares soared over 1,000% in four days before retreating, driven by meme-stock hype and a Walmart deal. Analysts warned the rally was speculative, highlighting market froth and retail-fueled volatility.

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

00:02Beyond Meat's stock surged over 1,000% in four days despite ongoing losses in sluggish sales, according to the BBC.

00:09Shares jumped 112% to briefly surpass $7 on Wednesday for reversing gains which goes down 1% and about $3.60 after volatile trading.

00:18It was fueled by retail enthusiasm on Reddit, companies addition to Roundo's meme stock ETF, and a new Walmart distribution deal.

00:25Analysts said the spike reflected emotion in technical trading rather than fundamentals.

00:29One of the companies remains financially weak.

00:31Surge reignited debate over market froth and retail-driven volatility amid broader concerns about a stock market bubble and potential correction.

00:39For all things money, visit Benzinga.com.

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