Stock Of The Day: Why Did Beyond Meat Collapse?
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Beyond Meat, Inc. (NASDAQ:BYND) experienced significant volatility following Walmart's announcement to distribute its products. After a short-squeeze that saw shares soar over 700%, the stock has now collapsed as the squeeze ended. Short sellers, who initially profited from the price drop, are now facing losses, leading to a sell-off. The stock's recent gains have been largely erased, and further declines are anticipated as market sentiment remains negative.
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Source: Benzinga The copyright of this article belongs to the original author/organization.
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