Overview
- Shares jumped 128% Monday and 146% Tuesday to close at $3.62, then rose to $4.44 after hours and pointed higher premarket Wednesday.
- Roundhill added BYND to its actively managed Meme Stock ETF, while Beyond Meat announced expanded availability of new products at roughly 2,000 Walmart stores.
- The surge followed an October 13 debt-for-equity exchange that created about 316 million new shares and cut debt, with lock-up expiries on Oct. 16–17 adding tradable supply.
- FactSet data showed short interest exceeding 60% of float at points, and trading exploded to more than 1.2 billion shares Monday alongside record options activity.
- Analysts caution that fundamentals remain weak, citing Q2 revenue of about $75 million, ongoing losses and a heavy debt load, suggesting gains rely on trading dynamics.