- The stock price of Koss Corporation (NASDAQ: KOSS) increased 24.95% yesterday. This is why it happened.
The stock price of Koss Corporation (NASDAQ: KOSS) increased 24.95% yesterday and it increased over 14% pre-market today. Investors appear to be responding positively to a Bloomberg Law news report that the Patent Trial and Appeal Board declined to institute reviews of 2 of its patents challenged by Apple.
Apple did not meet the burden to generate a review of patents 10,491,982 and 10,506,325. Essentially, Apple had to show at least a reasonable likelihood of winning claims that the patents for wireless earphones and headphones did not cover new inventions. Koss sued Apple and several other companies over patent infringement.
It’s also worth mentioning that Koss is heavily favored by investors who are active on social media platforms like Reddit, Twitter, StockTwits, etc. Koss was part of a group of “meme stock” companies that have been repeatedly short squeezed since January.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.