Beyond Meat, like GameStop and AMC, has surged, with its stock price climbing nearly 1,300% in four days. Shares of BYND jumped 72% to $6.24, down from a high of $7.33. The excitement is fueled by a Dubai-based trader touting the stock on social media, reminiscent of GameStop’s surge.

With 64% of available shares sold short, a potential short squeeze is driving Beyond Meat’s rise. Despite this, the company is still far from its peak, having dropped steadily since its debut. Even with recent retail investor activity, it remains down 8% in the past year.

Fundamentals take a backseat as $5.9 billion in shares traded Tuesday, exceeding the company’s value. Enthusiastic investors are excited about Beyond Meat’s products being available in more Walmart stores. Meme stock investing adds volatility to the market, with risks of pump and dump schemes being acknowledged by Reddit’s r/wallstreetbets.

As BYND stock rallies, some see it as a sign of a troubled economy. Reddit users are cautious about the stock’s surge, highlighting the potential risks involved. The excitement around Beyond Meat reflects the broader trend of meme stock investing, adding uncertainty to an already tumultuous market.

Read more at Yahoo Finance: Beyond Meat earns meme stock status, jumping 1,300%