can you expand on why this would happen
it already passed $200 as i said it would last night..so far there is absolutely no new news about McDonalds but with stocks when i buy in i always buy with opportunity in mind. This stock i have been goodgling IP dates since last year so I chucked when I saw the thread the day the op posted it.
Mcdonalds did unveil a plant based burger in Germany and hypothetically speaking if they were to ever announce this stock would fly even more,
this is a stock where people cannot even short at this point
Beyond Meat's post-IPO rally surges to more than 680% as short sellers lose hundreds of millions (BYND) | Markets Insider
Beyond Meat Stock Soars Because Short Sellers Are Getting Squeezed
so it continues to surge no matter all the skeptism it has faced before day one it has nonstop beat all the odds they wanted to believe would happen, thats why i never sold and I day trade so in a given day can play with 3 or 4 stocks a day.
Read this article and see what may happen at the end of the month
Yahoo is now part of Oath
So what
Journal explained, May 10 was the cutoff for new additions to the Russell 1000 index, which tracks the performance of the 1,000 largest U.S. companies by market cap.
Beyond Meat did its IPO on May 2, well within the cutoff date. And with a market capitalization of more than $10 billion, it also "meets" the qualification for inclusion in the index -- which includes stocks as small as $2.4 billion in market cap.
Now what
As a result, on June 28 (the last trading day of the month), Beyond Meat will be added to the Russell 1000. Mutual funds and ETFs that track the Russell will accordingly need to buy some shares of Beyond Meat so that their holdings accurately reflect the composition of the index -- resulting in automatic buying pressure on the stock.
today are trying to beat that rush, in hopes that when June 28 rolls around, Beyond Meat stock will go up even more." Investors who are buying Beyond Meat
today are trying to beat that rush, in hopes that when June 28 rolls around, Beyond Meat stock will go up even more.