Beyond Meat's Volatile Rally and Retail Catalyst

4 days ago

Tim Stenovic

"one more ticker for you. BY ND, Beyond Meat. This one, man, if you've been watching it the last few days, just uh on fire. It was up more than 112% at one point during today's session. Right now there is just about a gain of about 7/10en of a percent. So it's bounced uh way lower and that's after 146% uh move to the upside on Tuesday and a gain of about 127% uh on Monday and then 24% higher on the Friday before. So it's been on a tear up more than a,000%. But the bouncing around, I mean it just hearkens back to those meme stocks that we've talked about. But we should point out that after the bell on Tuesday, the company said it will increase the availability of some of its plant protein products at over 2,000 Walmart stores. So, uh, the other thing is the rally we've seen, maybe traders are covering some of their bearish bets."

Beyond Meat (BYND) has experienced extreme volatility recently, with massive intraday surges followed by sharp pullbacks. The speaker notes that while the stock has rallied significantly over the past few days, the erratic price action may indicate traders covering bearish bets, despite positive retail expansion news with Walmart.

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