Why Did Beyond Meat Stock Jump As Much As 20% Today?

Why Did Beyond Meat Stock Jump As Much As 20% Today?

Key PointsA jury verdict against Beyond Meat represents more than half of third-quarter revenues. Beyond Meat will reportedly appeal the verdict. High short interest could be what's driving today's stock move. 10 stocks we like better than Beyond Meat › Beyond Meat (NASDAQ: BYND) stock soared as much as 20% this morning. So it may come as a surprise to learn that the company has just been hit with a $38.9 million legal defeat in a trademark infr…

Trademark Beef: Beyond Meat Hit with $39M Verdict in Lawsuit Over Dunkin' Ad

4 Mins Read Plant-based company Beyond Meat has been found to have infringed a trademark covering a slogan used in a joint ad with Dunkin’, owing $39M in damages. Beyond Meat can’t seem to catch a break. In a year when the company’s share price reached an all-time low, became a meme stock, experienced a sustained slowdown in sales, and was forced to bat away bankruptcy rumours, the plant-based meat producer has now found itself on the wrong side…