The Beyond Meat fever highlights the risk of trying to ride the meme trade wave

The latest frenzy in Beyond Meat is offering a fresh reminder for investors chasing the latest viral stock — Riding the meme wave is fun, until it isn't. The food company known for its plant-based burgers and sausages experienced monstrous gains of 128% Monday and 146% Tuesday. On Wednesday, the stock erased a triple-digit intraday gain to close down 1% with shares traded more notional value than Apple and Meta combined, according to Goldman Sachs. The seemingly minor loss on Wednesday nonetheless triggered a wave of selling Thursday, when shares tumbled about 20% in morning trading before bouncing back. BYND 5D mountain Beyond Meat over past 5 days The violent swings underscored how quickly euphoria can turn to panic in these momentum-fueled trades. JPMorgan said there are signs that reta