Meme stock Beyond Meat falls after surging over 1,000% in less than 1 week
Beyond Meat shares surged by over 1,000% in less than a week before dropping to close at $3.58 on Wednesday. This took the million-dollar market capitalisation of the meme stock, which has been struggling with weak sales for years, to a peak of $3.5 billion over the period, as per Kobeissi Letter. The company produces and sells plant-based meat.