What In The World Is Going On With Beyond Meat (BYND) Stock
Portfolio Pulse from Henry Khederian
Beyond Meat (BYND) shares surged 21.2% to $13.00 on Thursday, despite no company-specific news. The stock is trending on social media platforms and may be experiencing a short squeeze, with 43.07% of its 58.71 million shares sold short.
June 08, 2023 | 5:52 pm
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Beyond Meat's stock price increased by 21.2% to $13.00, potentially due to social media attention and a short squeeze.
The stock price of Beyond Meat (BYND) increased significantly despite no company-specific news. The surge is likely due to the stock trending on social media platforms and a potential short squeeze, as 43.07% of its 58.71 million shares are sold short. This increased demand and limited supply can drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100