Joel Leon

For the day traders who pile into the hottest stocks, Tuesday was the worst session since the April chaos caused by Donald Trump’s trade war.

US stocks advanced on Monday as Amazon.com Inc.’s $38 billion deal with OpenAI elevated artificial-intelligence related stocks and overshadowed an Institute for Supply Management report showing a continuing slump in the nation’s manufacturing sector.

The resurrection of Beyond Meat Inc.’s meme status not only lifted the producer of meatless burger patties from record lows, but also incited a frenzy of retail trading activity.

Do-it-yourself investors traded furiously in Beyond Meat, quantum computing stocks, crypto-linked firms and more this week. On Tuesday, retail was responsible for 16% of total single-stock trading volume, the most on record in data stretching back to 2018, according to Citigroup Inc. Around $1.3 billion of total volume was traded on Tuesday alone, figures showed. “BYND made a come-back as a popular meme stock, and traded more shares over the past 3 days than any other stock,” strategists including Vivek Vishal wrote in a note dated Thursday, referring to Beyond Meat by its ticker symbol.

Do-it-yourself investors traded furiously in Beyond Meat, quantum computing stocks, crypto-linked firms and more this week. On Tuesday, retail was responsible for 16% of total single-stock trading volume, the most on record in data stretching back to 2018, according to Citigroup Inc. Around $1.3 billion of total volume was traded on Tuesday alone, figures showed. “BYND made a come-back as a popular meme stock, and traded more shares over the past 3 days than any other stock,” strategists including Vivek Vishal wrote in a note dated Thursday, referring to Beyond Meat by its ticker symbol.