Reuters reports:
Shares of banana importer Chiquita Brands International Inc jumped over 9 percent on Tuesday on reports a World Trade Organization panel has ruled in favor of Ecuador in a challenge to the EU's banana tariff policy.
Oppenheimer analyst Barry Sine said in a note to clients early on Tuesday that he expected Chiquita shares to benefit as the panel's final report is issued around Dec. 10.
If it hasn't been done already, somebody should do a study of the link between WTO rulings and share prices of the affected companies. This is the second time in a week that I've come across something like this.
