Beyond Meat is the latest meme stock in town? Show Quick Read Summary is AI Generated. Newsroom Reviewed

Meme stock rallies have become commonplace in the US market lately, and the latest beneficiary of this trend has been Beyond Meat, a stock that has gained more than 1000% in the last five trading sessions, reports BBC .

The unprecedented rally comes even as the company struggles with sluggish sales, with Beyond Meat having yet to report a quarterly profit in over five years.

The spectacular rally over the week briefly saw the share price above $7 on Wednesday before closing down about 1% at roughly $3.60 amid volatile trading.

The rally in Beyond Meat, which produces and sells vegan meat products, started last week, marking the start of a stock movement reminiscent of rallies

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