Meme-Stock Traders Revive Beyond Meat Amid Broader Market Caution
Beyond Meat's stock, left for dead after a debt-swap deal, has been resurrected by retail traders embracing high-risk plays. Shares surged 50% Monday, reclaiming ground lost last week despite trading at a fraction of their post-IPO highs above $200.
The rally coincides with a divergence in market sentiment. While institutional investors grow wary—Deutsche Bank notes declining interest in momentum trades—online communities like Stocktwits are doubling down. "Today's reversal and high short-interest will put it back on meme traders' radars," says Tom Bruni, highlighting the stock's appeal to speculative crowds.
Trading volumes tell the story: Beyond Meat's shares and options now trade at multiples of 30-day averages. This resurgence underscores retail investors' enduring appetite for volatility, even as traditional markets brace for uncertainty.
