Why Beyond Meat Stock Jumped Today
Shares of plant-based meat producer Beyond Meat (NASDAQ: BYND) jumped Thursday morning for what some might consider a surprising reason. As of 10:15 a.m. EDT today, shares were up more than 13%.
The surge is likely the result of some commentary from CNBC's Jim Cramer. On his Mad Money show Wednesday night, Cramer said the WallStreetBets crowd should make Beyond Meat the next meme stock to drive a short squeeze. The comment came after recent gains in stocks including AMC Entertainment Holdings (NYSE: AMC) and GameStop (NYSE: GME) brought back visions of exponential gains in January as Reddit forum users banded together to push those shares higher.
Source Fool.com
