Reported about 8 hours ago
Shares of Beyond Meat Inc. have skyrocketed over 1,300% in just four days, prompting short sellers to either exit their positions to prevent further losses or double down on their investments against the stock. The surge brought about significant paper losses for short sellers, totaling over $120 million from previous highs, and driving retail trading mania reminiscent of past meme stock events. Despite a brief spike after Walmart's expansion of Beyond Meat products, the stock faced a downturn, highlighting the volatile nature of retail-driven trading dynamics.
Source: YAHOO