Walmart, Beyond Meat
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Walmart and Roundhill Investments MEME ETF created big headlines for Beyond Meat spiking the stock which had been left for dead after hitting a record low earlier this month.
Investors cheered Beyond Meat's announcement Tuesday that it's increasing the availability of some of its products at U.S. Walmart stores. Beyond Meat said that its chicken pieces, Korean BBQ-style steak and burger six-packs will now be easier to find in more than 2,000 Walmart stores.
Beyond Meat stock has surged over 630% in days. Investors are stunned. A single trader reportedly made $10 million. Retail traders fueled the frenzy. Social media hype added momentum. A short squeeze drove prices even higher.
Plant-based alternative meat company Beyond Meat will expanded distribution across the United States through an agreement with Walmart.
Beyond Meat stock is still rallying, up nearly 900% in three days amid a blistering retail-led surge.
BYND stock has exploded 600% in three days. Beyond Meat stock is suddenly a viral meme stock. The surge came after Walmart stocked Beyond Burgers in 2,000+ stores. Retail traders jumped in, and short-squeeze fears spiked.
Appetite for Beyond Meat's plant-based burgers is shaky. But traders sure seem to developed a taste for its stock. Shares in the company have soared about 1,000% over four days - a stunning rally for a company that had seen its share price all but wiped out since it debuted on the stock exchange six years ago.
NEW YORK (Reuters) -Shares of Beyond Meat leaped more than 80% in active trading on Tuesday after the U.S. plant-based meat maker announced plans to expand distribution into Walmart stores. Beyond Meat said some of its products, including its "Beyond Burger 6-pack" and "Beyond Chicken Pieces," will be available in 2,000 Walmart stores nationwide.