Beyond Meat's stock fell sharply by 6.72% intraday on Tuesday, reversing a speculative surge from the previous session. The drop reflects a correction after Monday's rally, which was driven by meme stock activity and social media momentum rather than company-specific catalysts.

The volatility highlights the stock's susceptibility to speculative trading, with traders pivoting into heavily shorted consumer names like Beyond Meat alongside other meme stocks. Despite the rally, the company's fundamentals remain weak, with third-quarter revenue declining 13% year-over-year due to weaker demand.

Analysts note that Beyond Meat's technical health is poor, with negative short, medium, and long-term price trends. The stock's recent surge, fueled by short covering and options activity, lacked sustainable support, leading to the sharp pullback on Tuesday.