The resurrection of Beyond Meat Inc.’s meme status not only lifted the producer of meatless burger patties from record lows, but also incited a frenzy of retail trading activity.
Do-it-yourself investors traded furiously in Beyond Meat, quantum computing stocks, crypto-linked firms and more this week. On Tuesday, retail was responsible for 16% of total single-stock trading volume, the most on record in data stretching back to 2018, according to Citigroup Inc. Around $1.3 billion of total volume was traded on Tuesday alone, figures showed.
“BYND made a come-back as a popular meme stock, and traded more shares over the past 3 days than any other stock,” strategists including Vivek Vishal wrote in a note dated Thursday, referring to Beyond Meat by its ticker symbol. “Citi’s retail trading a

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