One of many shares with the very best surges in premarket buying and selling this morning is Past Meat, Inc. (Nasdaq: BYND). As of the time of this writing, shares in BYND are up a staggering 67% earlier than the opening bell.
However what’s driving this surge? Right here’s what you want to know.
Past Meat’s latest struggles
As we speak’s premarket inventory worth leap follows a big rally on Friday for Past Meat, the California-based producer of plant-based meat options, whose shares closed up greater than 24% to finish the buying and selling week at 64 cents per share, based on information from Yahoo Finance.
The inventory worth surge, which is now in its second buying and selling day, might come as a shock to many, contemplating that Past Meat is experiencing vital monetary woes as of late.
As noted by Bloomberg, the corporate has seen a decline in curiosity in its plant-based merchandise in recent times, with customers being postpone by excessive costs, the style of the product, and its extreme processing.
Weakening demand for meat options within the U.S. helped result in a 19.6% decline in gross sales in Past Meat’s most up-to-date quarter, Q2 2025. Past Meat reported $75 million in revenues throughout that quarter.
Earlier this 12 months, Past Meat had attempted a brand pivot in hopes of returning to its former glory, as Quick Firm reported.
Extra not too long ago, nonetheless, the corporate introduced that its collectors had agreed to a debt swap, wherein the corporate will challenge 316 million new shares—thereby diluting the worth of its present shares.
This occasion contributed to a big fall within the inventory. As of Friday’s closing worth, BYND shares have been down greater than 82% for the 12 months.
Past Meat shares surge in premarket buying and selling
So why are BYND shares surging this morning?
Yahoo Finance points out that Friday’s and at this time’s share worth surge just isn’t as a result of any elementary monetary shifts within the firm.
As an alternative, it’s the results of “a sudden spike in buying and selling quantity amid a traditional quick squeeze, the place a closely shorted inventory experiences a pointy rise, forcing bearish traders to purchase again shares to restrict losses.” As traders are compelled into shopping for again the inventory, its worth rises.
Some retail merchants on Reddit have been pumping up the inventory, despite the fact that analyst ratings have largely turned unfavorable. Up to now, Past Meat has been cited as being among the many so-called meme stocks that on-line merchants rally behind, an inventory that has included Krispy Kreme, GoPro, and others this 12 months.
Even with at this time’s premarket inventory worth surge, BYND shares have carried out poorly in 2025. In February, they have been buying and selling above $4.40 per share at one level. And even that 2025 share worth excessive is dismal when you think about the corporate’s inventory worth going again additional.
In 2019, shortly after Past Meat went public, its shares have been buying and selling north of $230 at one level. The inventory’s worth has dropped massively since its IPO debut, resulting in a decline of greater than 98% as of Friday’s shut.
Earlier this month, it entered penny inventory territory, hitting a low of round 50 cents a share.
