In brief
- Meme stock traders have rallied behind Beyond Meat after noticing a stack of short sellers targeting the stock.
- Investors jumping on the trend are hoping to replicate the mania of GameStop’s 2021 short squeeze.
- So far, BYND has pumped by nearly 1,000% over the last five trading days.
Meme stock traders believe that the plant-based food brand Beyond Meat is “the most shorted stock in the market,” echoing sentiments from 2021’s GameStop phenomenon.
With that perspective gaining steam, BYND stock has now surged 963% over the past five days, according to TradingView. Nasdaq has already halted trading four times on Wednesday due to volatility.
Reddit users and X posters have started to rally behind the food company in a cult-like fashion, outlining their investment thesis for BYND. It ult
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Author: Ryan Gladwin
