What's Going On With Beyond Meat, Plug Power Stock Monday?

Beyond Meat Inc BYND and Plug Power Inc PLUG shares are moving Monday morning in sympathy with GameStop Corp GME, which surged following a social media post from Keith Gill, also known as “Roaring Kitty.”

What To Know: GameStop shares are up more than 75% Monday morning after Gill, best known as “Roaring Kitty” on YouTube and X or “DeepF***ingValue” on Reddit, posted a screenshot to Reddit suggesting he currently has a $116 million bet on GameStop.

The image appeared to show that the trader is holding 5 million GameStop shares and 120,000 call options, which has sparked a move in several related meme names and stocks with high short interest. 24.68% of GameStop’s float is currently sold short, per Benzinga Pro. Beyond Meat has short interest of about 39% and Plug has short interest of about 26%.

Gill made his return to social media a couple of weeks ago following three years of silence. He first posted a meme of a person leaning forward in a chair before following it up with a series of short video clips. On Sunday, he posted an image of a green reverse Uno card around the same time he released the position update.

Gill posted a series of videos on YouTube leading up to the historic short squeeze in 2021. When GameStop shares eventually squeezed higher, the trader began posting updates of his positions on Reddit’s r/WallStreetBets. Gill is often credited with sparking the meme stock mania of 2021.

See Also: ‘Roaring Kitty’ Reveals Massive GME Position On Reddit, Including $65M Call Options: Is He Bringing ‘Courage’ Back To Wall Street?

BYND, PLUG Price Action: Beyond Meat shares were up 4.07% at $7.89 and Plug shares were up 5.11% at $3.50 at the time of writing, according to Benzinga Pro.

Photo: 3844328 from Pixabay.