Beyond Meat Stock Skyrockets 400% – Bubble or Bargain?
Beyond Meat shares jumped nearly 400% in two days, closing at $3.62 on Oct. 21 after a retail-driven rally and meme-stock buzz. The surge followed news of a major Walmart deal and a debt-for-equity swap that issued 316 million new shares. Q2 revenues fell 20% year-over-year, and most analysts rate the stock a sell. CEO Ethan Brown plans a rebrand and new product focus.