10 Small Stocks with Mighty Gains

3. Beyond Meat, Inc. (NASDAQ:BYND)

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.”