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Why Beyond Meat Shares Surged Over 1,000% in Four Days. Beyond Meat shares have experienced a stunning rally, surging by over 1,000% in just four days despite ongoing struggles with its plant-based burger sales. The company's stock price had been nearly wiped out since its 2019 debut, but traders have shown renewed interest, temporarily pushing shares above $7. Despite sluggish sales and no quarterly profit in more than five years, the surge was fueled by a wave of enthusiasm from individual investor including a Reddit user who compared the rally to other "meme stock" phenomena, like GameStop and AMC. The stock's momentum accelerated when Beyond Meat was added to Roundhill Investments' meme stock ETF. The rally led to a short squeeze, where investors betting against the company were forced to buy back shares, further driving up the price. Adding to the boost, the company announced a distribution deal with Walmart, further fueling investor excitement. However, after a volatile trading day, shares ended down 1%, closing at $3.60.
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