Beyond Meat Experiences Meme-Driven Surge

4 days ago

Valerie Titel

"Beyond Meat, these shares are doubling in the pre-market. It really has gotten silly. Um they essentially went from 50 cents four days ago to now $7.40 per share in four sessions which is a spike of 1300%. Now the original spike on this week was on the back of a social media frenzy. It got added to yesterday after Walmart announced that it will increase the availability of Beyond Meat products in its stores. And this all comes after a very heavy dilution of shareholders after a debt swap last week. So, it's gone to a penny stock to now $7.20, doubling in the pre-market."

Beyond Meat shares have experienced an explosive surge driven by social media buzz and increased distribution from Walmart, despite recent shareholder dilution and erratic price movements.

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