Beyond Meat shares surge for a third day in a row as meme traders jump on board

Key Points

Beyond Meat shares are soaring for a third straight day, surging 111% at one point in the premarket Wednesday. The stock was above $6.43 on Wednesday, after closing Tuesday at $3.62.
Roundhill Investments, which develops thematic exchange traded funds, on Monday added BYND to its Roundhill Meme Stock ETF.
The ETF addition seemed to dive a short squeeze in the stock as investors who bet against Beyond Meat stock rushed to cover their positions.

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