What's Going On With Tupperware Brands Stock?
Portfolio Pulse from Ryan Gustafson
Tupperware Brands Corporation (NYSE:TUP) shares surged on Monday due to a short squeeze, with 27.06% of shares currently sold short. The company experienced above-average trading volume of 167.67 million shares on Monday, compared to its average volume of 10.72 million. The stock has risen over 170% over the last five trading sessions and nearly 425% over the last month. AMC Entertainment (NYSE:AMC) also saw a rise in its shares, which influenced the rise in Tupperware's stock.
August 01, 2023 | 1:18 am
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AMC Entertainment's stock also saw a rise, which influenced the rise in Tupperware's stock. The company announced its highest weekly admissions revenue in company history.
AMC Entertainment's stock rise influenced the rise in Tupperware's stock. The company's announcement of its highest weekly admissions revenue in company history likely contributed to the increase in its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
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Tupperware's stock surged due to a short squeeze, with a significant rise in trading volume. The stock has risen over 170% in the last five trading sessions.
The surge in Tupperware's stock is due to a short squeeze, which is when a stock with a high level of short interest increases in price. This forces short sellers to buy back the stock, pushing the price even higher. The company also experienced a significant increase in trading volume, which further fueled the price increase.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100