The company will now make its plant-based meat products available in over 2,000 Walmart (WMT) stores nationwide. And as part of the expansion, Beyond Meat (NASDAQ:BYND) is rolling out its value-priced Beyond Burger 6-Pack, currently only available at Walmart (WMT).
Although demand for plant-based meat has been less than enthusiastic, Beyond Meat (NASDAQ:BYND) shares have accrued outsized gains over the past three days on very heavy volume, up 5x from the record low of $0.50 last week. The meteoric advance is largely attributed to a short squeeze after the company completed a debt-for-equity swap last week.
Beyond Meat (BYND) shares last traded with a gain of more than 40% on volume 14x more than the daily average.
