Beyond Meat Inc (NASDAQ:BYND) shares are trading slightly lower Tuesday morning, pulling back slightly from a sharp rally on Monday fueled by renewed social media momentum. Here’s what investors need to know.
- BYND shares are retreating from recent levels. Get the inside scoop here.
What To Know: The stock surged Monday afternoon on heavy volume, despite the company issuing no fresh news or filings to justify the move. The volatility appears linked to a resurgence in meme stock activity, with traders pivoting back into heavily shorted consumer names alongside GameStop, which has been trending on social platforms.
This sudden speculative buying contrasts with the company’s recent fundamental performance and investor engagement trends. Beyond Meat recently reported third-quarter revenue of $70 million, a roughly 13% year-over-year decline driven by weaker demand.
Furthermore, data from Benzinga Pro indicates that investor interest had waned prior to this week. BYND fell out of the top 12 most-searched tickers in November after ranking fifth in October.
Monday's outsized gain, largely seen as a sympathy bid alongside volatile, high-beta names, occurred after the stock became technically oversold following its earnings disappointment. With short interest remaining elevated, traders and investors are monitoring whether this momentum can persist absent company-specific catalysts.
Benzinga Edge Rankings: Highlighting the disconnect between the recent surge and the company’s technical health, Benzinga Edge currently assigns Beyond Meat a Momentum score of just 2.25 and a Growth score of 3.36, while flagging the stock’s short, medium and long-term price trends as negative.
BYND Price Action: Beyond Meat shares were down 5.22% at $1.27 at the time of publication on Tuesday, according to Benzinga Pro data.
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How To Buy BYND Stock
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Beyond Meat’s case, it is in the Consumer Staples sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
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