BiyaPay Analyst: US Stock Beyond Meat Surges 6x in Three Days, Hype Comparable to Crypto's MM Coin
BlockBeats News, October 22nd, Beyond Meat (BYND.US), known for its plant-based meat alternatives, recently staged a strong comeback in the "meme stock" trend. Following a 127% surge on Monday, it soared over 146% on Tuesday, marking its largest single-day gain in history, with a three-day cumulative increase of up to 600%, reminiscent of the trend of "meme coins" in the crypto market.
On the news front, Roundhill Investment announced the inclusion of Beyond Meat in its thematic ETF - Roundhill MEME ETF, and reached a nationwide distribution agreement with Walmart, driving the continuous surge in the stock price. Previously, Beyond Meat's stock price had once dropped below $0.5, becoming a "penny stock," but this round of surges has brought it back into the market spotlight. Analysts believe that this surge may be related to a short squeeze, as over 63% of its outstanding shares were shorted.
BiyaPay analysts pointed out that such "meme stock" trends are often driven by emotions, highly volatile, and extremely risky. Investors can trade US stocks, Hong Kong stocks, and futures using BiyaPay with USDT, taking advantage of zero fees (Maker) for spot and contract trading with USDT, to flexibly position themselves and arbitrage in high-volatility markets.
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