Beyond Meat ($BYND) Shares Surpass 1,000% Growth amid Meme Stock Rise
Beyond Meat (NASDAQ: BYND) has recently witnessed a significant rise. Hence, the Beyond Meat ($BYND) stock shares have skyrocketed by over 1,000% within the past week after the launch of the unique “clean-label” ground protein. This development takes place amid the growing meme stock frenzy, including GameStop ($GME). Similarly, Beyond Meat has also broadened Walmart collaboration across two thousand stores, expanding speculative trading across social media.
Beyond Meat Stock Jumps 1,000%, Triggering Wide Share Expansion
The latest rally of Beyond Meat has resulted in a 1,000% growth in stock shares within the past few days. Additionally, the development occurred following a tender offer for up to $1.1B of convertible debt. This resulted in the creation of 316.2M exclusive stock shares, expanding shares outstanding by almost 5 times.
Apart from that, the surge of Beyond Meat is wholly divorced from the fundamentals thereof. Thus, there is not a single reason for the stock to refrain from climbing if its traders keep pumping it up. Its latest action appears to be leveraging from a short squeeze as call options are in high demand.
Caution Urged as Beyond Meat ($BYND) Revenue Declines
Investors are advised to be careful while the stock is continuously moving upward. A crucial factor in this regard is the declining revenue of the business. Hence, it is still considerably unprofitable. Even then, some external catalysts could alter the fortunes of Beyond Meat.
Simultaneously, the expansion of availability of the platform at Walmart is a positive development. Moreover, the consumers have also tried the product, and several have decided to discontinue buying it. Additionally, amid the speculation that by holding on to this short squeeze, the business could make more progress, the investors should not engage with the respective broken business.
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