Beyond Meat Stock Skyrockets 60% Today: Meme Stock Frenzy Intensifies After ETF Inclusion Amid Surging Retail Buzz

• Beyond Meat stock experienced a 200% increase in retail user messages on Stocktwits.
• Roundhill Investments said that Beyond Meat has been added to the Roundhill Meme Stock ETF.
• Retail sentiment on Beyond Meat remained unchanged in the ‘extremely high’ territory.

Beyond Meat (BYND) saw a nearly 200% surge in retail user messages on Stocktwits over the last 24 hours, with its shares jumping over 60% in early trading on Wednesday, mirroring a meme-stock rally following its addition to the Roundhill Meme Stock ETF (MEME).

Retail sentiment on Beyond Meat remained unchanged in the ‘extremely bullish’ territory, with message volumes at ‘extremely high’ levels, according to data from Stocktwits.

Retail Users’ Take On The Stock Surge

A bullish user on Stocktwits noted that the stock could surpass the $10 mark.

Another user said that Beyond Meat was mirroring GameStop.

Stock Milestones

Beyond Meat’s stock has surged over 1,300% from Thursday’s closing price of $0.52. The stock has been gaining every day since then and hit a high of $7.69 in Wednesday’s trading.

Last week, the company announced the early settlement of its previously announced exchange offer for convertible senior notes due 2027.

Analysts have noted that the firm’s growth has been impacted by increased competition, adverse shifts in consumer perceptions of the health attributes of Beyond Meat products, and termination fees from co-manufacturers.

Shares of Beyond Meat have gained over 43% this year but have declined nearly 13% in the last months.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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