Newly minted meme stock Beyond Meat extends its scorching 3-day run to nearly 900%

Core Viewpoint - Beyond Meat's stock has experienced a significant surge, with a three-day gain of 866% following a 73% increase on Wednesday, and a year-to-date increase of 56% [1][5]. Group 1: Stock Performance - The stock jumped as high as 73% on Wednesday, contributing to an almost 900% gain since last Friday's close [5]. - Year-to-date, shares of Beyond Meat are up 56% [1]. Group 2: Retail Trader Influence - The recent momentum in Beyond Meat's stock is attributed to retail traders, particularly after the stock hit an all-time low last Wednesday [2]. - A Dubai-based retail trader, Dimitri Semenikhin, announced significant purchases of the shares, which has contributed to the stock's rise [2][3]. Group 3: Company Developments - Semenikhin identified misconceptions regarding a recent convertible note exchange and believes in the company's potential for a turnaround [3]. - Beyond Meat announced a new distribution deal with Walmart, which helped boost the stock price [3]. Group 4: Market Sentiment - The stock has been added to a popular meme stock ETF managed by Roundhill Investments, indicating high interest from retail traders [4]. - Despite the surge, there is uncertainty about how high the stock can go, with Semenikhin suggesting a medium-term price target of $6-8 per share [4].