Beyond Meat stock soars 1,300% as meme traders fuel GameStop-like rally

Core Insights - Beyond Meat's stock price has surged nearly 1,300% in four days, reflecting a significant increase in retail investor interest [1][2] - The stock is experiencing a potential short squeeze, with nearly 64% of available shares sold short as of the end of September [2] - Despite the recent surge, Beyond Meat's stock is still down 8% over the past 12 months, far from its peak of over $230 per share [3] Trading Activity - On a recent trading day, $5.9 billion in shares changed hands, exceeding the company's market value by more than four times [4] - The excitement is partly driven by news of Beyond Meat's products being available in more Walmart stores, attracting enthusiastic investors [4] Market Sentiment - The situation mirrors other meme stocks, where fundamentals are not the primary focus, leading to increased volatility in the stock market [5] - There are concerns about the potential for a pump and dump scheme, as acknowledged by users on Reddit's r/wallstreetbets [5]