Beyond Meat stock is on a tear — here's why

What happened: Beyond Meat (BYND) roseate for a seventh consecutive league connected Tuesday.

Why the banal is moving: Beyond Meat is spiking connected dense measurement and elevated telephone buying options, apt driven by abbreviated covering and meme-stock momentum alternatively than fundamentals. Short involvement connected the banal is 31% of the float, a comparatively precocious level.

The banal has risen much than 90% implicit the past 7 sessions.

What other you request to know.

Beyond Meat has been trading similar a meme banal successful caller years arsenic the craze for nutrient alternatives fizzled out.

Shares are up much than 40% year-to-date, but down 99% from their all-time grounds of astir $234 successful 2019 soon aft the institution went public.

Weakening income and persistent operating losses person weighed connected the stock. Consumers person pulled backmost from nutrient alternatives amid precocious prices and concerns implicit processed ingredients.

Ines Ferre is simply a elder concern newsman for Yahoo Finance. Follow her connected X astatine @ines_ferre.

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