Although the S&P 500 has only edged 0.6% higher over the past month, Beyond Meat’s enormous gains over the past three days suggest speculative appetite remains deeply embedded in the market. Stock in the plant-based food company is now trading more than 700% north of last week’s closing prices.

Opendoor Technologies (OPEN) was trading at $0.51 per share on June 25th and skyrocketed to $10.52 by September 11th. This is one of the most puzzling but fascinating phenomena in modern markets. When a stock like Opendoor (OPEN) suddenly skyrockets by 2,

Beyond Meat's stock rally may be short-lived, with weak fundamentals and high dilution risk. Click here to read my latest analysis of BYND.

The producer of plant-based meat alternatives has struggled to reverse its downward slope this year. Why are traders suddenly interested?

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.

Beyond Meat's high debt load was partially addressed by restructuring, but the company remains unprofitable. Read why I rate BYND stock as a Hold.

Beyond Meat plummeted 11.4% in after-hours trading as the heavily-shorted fake-meat company reversed course after a retail-investor frenzy that has pushed its shares up as much as 1,479% during the past week alone.

Beyond Meat Inc. (NASDAQ:BYND) is one of the Reddit stocks that will go to the moon. On October 14, TD Cowen analyst Robert Moskow lowered the firm’s price target on Beyond Meat to $0.8 from $2 and kept a Sell rating on the shares.