Walmart, Beyond Meat
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Beyond Meat rolls out a new Beyond Burger 6-Pack and expands plant-based products to over 2,000 Walmart stores nationwide.
Beyond Meat (BYND) just took a big step by partnering with Walmart to roll out more of its plant-based products across more than 2,000 stores nationwide. The expanded availability includes the new Beyond Burger 6-Pack,
Shares of Beyond Meat, Inc. (NASDAQ: BYND) are rising Tuesday after the company shared a retail partnership update.
BYND stock has exploded 600% in three days. Beyond Meat stock is suddenly a viral meme stock. The surge came after Walmart stocked Beyond Burgers in 2,000+ stores. Retail traders jumped in, and short-squeeze fears spiked.
The products will be available at more than 2,000 Walmart stores, Beyond Meat said in a statement. The burger value pack has a lower price point, Chief Executive Officer Ethan Brown said in the statement.
The producer of plant-based meat alternatives has struggled to reverse its downward slope this year. Why are traders suddenly interested?
Beyond Meat jumped in premarket trading and continued to rally in the regular session on an organized short squeeze that began on social media sites like Reddit and X. Investors responded to posts arguing that it was the most shorted stock in the U.S., making it ripe for a short squeeze. As of Sept. 30, 54% of the float was sold short.