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Beyond Meat Soars as Meme Rally Extends on ETF Addition and Walmart Deal

The surge reflects a short squeeze driven by extreme short interest following a debt-for-equity swap that vastly expanded the share float.

Overview

  • Shares extended Monday’s 128% jump with another explosive move Tuesday, briefly topping $3 intraday as the multi-day rally accelerated.
  • Monday set new records with more than 1.2 billion shares traded and call option volume exceeding the prior daily high by over threefold.
  • Roundhill added Beyond Meat to its actively managed Meme Stock ETF and disclosed buying about 970,000 shares, validating the stock’s retail-driven momentum trade.
  • Beyond announced expanded Walmart 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’s recent debt exchange swapped roughly $1.15 billion of 2027 notes for about $202.5 million of 2030 convertibles and ~326 million shares, leaving noteholders with about 81% ownership and lowering near‑term default risk while fueling a squeeze in a stock with roughly 63% of its float sold short; a Nov. 19 special meeting will address boosting authorized shares, a new equity plan and a potential reverse split.