One-time penny stock Beyond Meat soars after addition to meme ETF, jumps 47% on Tuesday

Core Insights - Beyond Meat has experienced a significant stock surge, increasing by 127% on Monday and 47% on Tuesday, following its inclusion in the Roundhill Meme Stock ETF [1][2] - The stock's rally is attributed to a short squeeze, with over 63% of shares sold short, forcing investors to cover their positions [2] - The stock has shown a remarkable turnaround, trading around $2 per share after closing the previous week at 65 cents, despite a prior decline of over 67% [2][3] Company Performance - Beyond Meat's stock has faced pressure for several years, with losses reported over the last five years, and it has dropped from a peak of over $230 per share post-IPO in 2019 to a penny stock [3] - The recent surge in stock price reflects a return to meme stock status, driven by retail traders' sentiment rather than corporate fundamentals [3][4] Market Context - The resurgence of Beyond Meat may indicate a broader trend of speculative investments in a frothy market, as investors are drawn to high-risk stocks despite elevated valuations [6] - The Roundhill Meme ETF had previously been shut down due to lack of interest but was revived as retail trading activity increased in the current bull market [6]