BlackRock US Head of Equity ETFs Jay Jacobs discusses the third quarter earnings report, AI ETFs, Treasury yield estimates and ‘The Claman Countdown’.
It’s been a great two days for Beyond Meat investors, with shares surging more than 146% after falling to a record low earlier this month.
| anchor | Security | Last | Change | Change % |
|---|---|---|---|---|
| BYND | Beyond Meat Inc. | 4.76 | +1.14 |
+31.49% |
| WMT | Walmart Inc. | 107.61 | +1.39 |
+1.31% |
On Tuesday, the plant-based meat company said it would expand its distribution deal Walmart, the nation’s largest retailer.
Engineered plant-based burger patties from food company Beyond Meat are seen on shelves among other meat alternatives at a grocery store on August 28, 2019 in San Ramon, California. (Smith Collection/Gado/Getty Images)
“At a time when many houses To control rising food prices, “We are pleased to introduce our new Beyond Burger Value Pack – the same great-tasting burger at a lower price, providing 21 grams of protein, no cholesterol and only 2 grams of saturated fat from heart-healthy avocado oil,” said Ethan Brown, Founder and CEO of Beyond Meat. The deal also includes Beyond Chicken Pieces and Beyond Steak Korean BBQ-Style.
Ahead of Walmart’s announcement, the company recently disclosed a debt swap deal, reducing the company’s debt but reducing its share count. Barron reports with TD Cowen It added, “The company remains financially and operationally challenged.”
beyond meat stocks Traded below $1.
ETF Report: Latest News and Analysis
Also on Monday, shares were added to Roundhill Investments’ MEME exchange-traded fund, which launched earlier this month, Fox Business reports.
The ETF tracks stocks that may experience heavy trading from retail investors if there is no solid news.
“New Additional Warning: Beyond the Meat $BYND Roundhill Meme Stock Added to ETF $MEME,“The firm posted on X.
BlackRock claims fastest growing ETFS
| anchor | Security | Last | Change | Change % |
|---|---|---|---|---|
| MEME | Roundhill ETF Trust Meme STK ETF | 9.06 | -0.52 |
-5.43% |
The firm said investors can use the ETF “whether as a momentum-driven trade for those looking to ride the retail euphoria, or as a hedge against a short book,” which is a bet that a stock will fall.
Get Fox Business by clicking here
MEME includes a new crop of speculative stocks; Opendoor Technologies, Plug Power, Applied Digital Corp., Hims & Hers Health, Quantum Computing and Bloom Energy, to name a few.
