Beyond Meat, Inc. (BYND) surged 5.22% in pre-market trading on Tuesday, extending gains from the previous session's sharp rally. The stock's movement occurred without any new company-specific announcements or filings.
The surge appears driven by speculative trading activity, with traders rotating into volatile, high-beta names like Beyond Meat amid renewed interest in meme stocks. Unusual options activity also contributed, with call options expiring this week skyrocketing over 700% on Monday, indicating heightened bullish sentiment despite weak fundamentals.