Beyond Meats (BYND) Climbs 19% After Falling Below Minimum Bid Price

We precocious published 10 Small Stocks with Mighty Gains. Beyond Meat, Inc. (NASDAQ:BYND) is 1 of the top-performing stocks connected Wednesday.

Beyond Meat clawed backmost to the $1 level connected Wednesday, soaring 19.01 percent to adjacent astatine $1.02 apiece arsenic investors worked to boost its stock prices backmost to comply with the minimum bid terms requirement.

The Nasdaq requires listed companies to commercialized astatine a minimum terms of $1 to proceed listing connected the exchange. Firms trading beneath the said level for 30 consecutive days would past beryllium notified and beryllium required to instrumentality steps to regain compliance.

In different quality earlier this week, Beyond Meat, Inc. (NASDAQ:BYND) was slapped with a $40 cardinal punishment by a US tribunal aft it recovered that the institution had infringed connected a trademark of its rival firm, Vegadelphia.

According to reports citing tribunal documents, Beyond Meat violated Vegadelphia’s trademark, “Where Great Taste is Plant-Based,” with its ain slogan, “Great Taste, Plant-Based.”

In its filing lodged successful 2022, Vegadelphia said that Beyond Meat, Inc. (NASDAQ:BYND) could origin disorder among customers.

Meanwhile, Beyond Meat, Inc. (NASDAQ:BYND) expressed disagreement implicit the tribunal result, saying that it intends to “seek further judicial reappraisal of the determination and entreaty the verdict.”

While we admit the imaginable of BYND arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.