Beyond Meat shares skyrocket over 90% on Walmart plans to expand distribution

Shares of Beyond Meat leaped more than 90% in active trading on Tuesday after the plant-based meat maker announced plans to expand distribution into Walmart stores.Beyond Meat said some of its products, including its “Beyond Burger 6-pack” and “Beyond Chicken Pieces,” will be available in 2,000 Walmart stores nationwide.The company’s shares jumped as high as $2.98 following the news, giving it a market value of about $1.5 billion and putting it on track for a fivefold surge from last Thursday’s close of 52 cents.More than 1.2 billion Beyond Meat shares changed hands on Tuesday. The stock is one of the most watched on Stocktwits, a platform popular among amateur traders.Five out of eight analysts covering Beyond Meat rate the stock “sell” or “strong sell” while three recommend holding it, with a median price target of $2.42 per share, according to LSEG data....