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

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

Beyond Meat clawed back to the $1 level on Wednesday, soaring 19.01 percent to close at $1.02 apiece as investors worked to boost its share prices back to comply with the minimum bid price requirement.

The Nasdaq requires listed companies to trade at a minimum price of $1 to continue listing on the exchange. Firms trading below the said level for 30 consecutive days would then be notified and be required to take steps to regain compliance.

In other news earlier this week, Beyond Meat, Inc. (NASDAQ:BYND) was slapped with a $40 million penalty by a US court after it found that the company had infringed on a trademark of its rival firm, Vegadelphia.

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

In its filing lodged in 2022, Vegadelphia said that Beyond Meat, Inc. (NASDAQ:BYND) could cause confusion among customers.

Meanwhile, Beyond Meat, Inc. (NASDAQ:BYND) expressed disagreement over the court result, saying that it intends to “seek further judicial review of the decision and appeal the verdict.”

While we acknowledge the potential of BYND as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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

Disclosure: None. This article is originally published at Insider Monkey.