Why Did Beyond Meat Stock Jump As Much As 20% Today?
Beyond Meat just got hit with a huge jury verdict.Beyond Meat (BYND +10.61%) 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 infringement case. Shares pared those gains, but remained higher by 8% as of 12:58 p.m. ET. Jury verdict vs. short squeezeThe trademark violation verdict stems from a lawsuit filed for infringing on a Vegadelphia Foods trademark covering the phrase "Where Great Taste Is ...