Overview
- Shares jumped 127% on Monday and another roughly 47% on Tuesday, with the stock trading near $2 after touching $0.50 last week.
- Trading exploded to more than 1.2 billion shares on Monday with record call option activity, turning the enlarged share count over multiple times in a day.
- Roundhill added Beyond Meat to its Meme Stock ETF, a catalyst that, combined with high short interest, accelerated forced covering by bearish traders.
- Beyond Meat said Walmart will expand distribution to more than 2,000 stores, including a new Beyond Burger 6‑pack plus Beyond Chicken Pieces and Beyond Steak Korean BBQ‑Style.
- The company recently exchanged about $1.15 billion of 2027 converts for roughly $202.5 million of new 7% notes due 2030 and about 326 million shares, leaving noteholders with the majority of equity and reducing near‑term default risk.