Here's Why Beyond Meat Stock Soared Today
Shares of Beyond Meat (NASDAQ: BYND) soared on Monday morning, and I believe a short squeeze is the only logical explanation, as I'll explain in a moment. As of 11 a.m. EST, Beyond Meat stock is up 12%.
For context, consider that Beyond Meat didn't report any news, it didn't file any documents, and -- as best I can tell -- there weren't any analysts publishing bullish thoughts on the stock. However, in my opinion, many new investors are just discovering what can happen when there's a lot of short interest in a stock, thanks to GameStop stock.
Image source: Getty Images.
Source Fool.com
