Why Beyond Meat Stock Was Skyrocketing Again Today
Shares of Beyond Meat (NASDAQ: BYND) were surging for the second day in a row, seemingly on a continuation of yesterday's meme stock and short squeeze rally, and after the company announced expanded distribution at , the nation's biggest retailer.
As of 1:42 p.m. ET, the stock was up 78.5% and on extraordinarily high volume. Yesterday, it jumped 128%, following a move last week to convert roughly $1 billion in convertible debt into stock, which makes its balance sheet much more stable.
Image source: Beyond Meat.
Source Fool.com
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