Why Beyond Meat shares have surged 1,000% in four days
Appetite for Beyond Meat’s plant-based burgers is shaky but traders definitely seem to have developed a taste for its stock.
Shares in the company have soared more than 1,000% over four days – a stunning rally for a company that had seen its share price all but wiped out since it debuted on the stock exchange six years ago.
The business has been struggling with sluggish sales – and has not posted a quarterly profit in more than five years – as shoppers turn away from its meat alternatives.
The surge has reignited debate whether the activity, propelled in part by online enthusiasm among everyday investors, is a sign of an overly frothy stock market.
Beyond Meat shares rose by as much as 112% on Wednesday, extending gains from the previous…
