Beyond Meat shares fall 1% as meme rally fizzles
C photo | Future Publishing | getty images
Beyond Meat Shares closed lower Wednesday, erasing triple-digit gains as the meme stock rally weakened.
The food company known for its plant-based burgers and sausages fell 1.1% on Wednesday after surging 112% at one point during the session. Shares reached an intraday high of $7.69 after closing at $3.62 on Tuesday. Wednesday’s session ended at $3.58.
It’s the latest in a volatile week for the company. On Monday, shares rose more than 127% after Roundhill Investments, which develops thematic ETFs, added its name to the Roundhill Meme Stock ETF (MEME).
That decision seemed to have the added effect of putting short-term pressure on the stock as investors rushed to cover their positions. More than 63% of tradable stocks are sold short, according to FactSet data.
On Tuesday, Beyond Meat surged 146% to an all-time high after announcing distribution expansion. walmart‘s store.
Beyond Meat, annual results
Beyond Meat’s stock price has been under pressure for a long time. It became a penny stock after its name soared above $230 per share following its listing in 2019. Stock prices have fallen in each of the past five years, falling more than 47% in 2021, 81% in 2022, 27% in 2023, and 57% in 2024. In 2025, the name fell more than 3%.
The latest bad news for stocks came last week. After Beyond Meat announced it had finalized a debt deal, shares fell more than 67%, ending the week at just 65 cents.
But this week’s comeback is reminiscent of the height of the pandemic, when retail traders took to online message boards like Reddit’s WallStreetBets to coordinate moves behind high-risk, aggressive trading.
In 2021, Bank of America said Beyond Meat was a Reddit stock to watch, but it ended the same year with a loss.
Beyond Meat’s return may be the latest sign of a bubble market that continues to rise despite rising valuations and concerns about a possible artificial intelligence bubble. In fact, Roundhill once shut down a meme ETF due to lack of interest. Retail traders jumped back into the bull market, resurrecting it earlier this month.
After someone on WallStreetBets said they bought 10,000 shares of Beyond Meat at $7.50, one commenter wrote Wednesday morning: “You’re already down 7,000 shares. That’s impressive.”
“I know the economy is ripe when BYND stock recovers,” another posted.
