Tupperware Brands Stock Quintuples In July And It's Not Slowing Down: What's Going On?
Portfolio Pulse from Adam Eckert
Tupperware Brands Corp (TUP) shares have surged over 425% in the past month, driven by a retail-driven short squeeze. The stock has become a popular choice among retail traders, with over 27% of the float currently sold short. The company is expected to report its Q2 earnings in about two weeks.
August 01, 2023 | 2:03 pm
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NEUTRAL IMPACT
The surge in Tupperware shares can be traced back to a surge in AMC Entertainment shares at the beginning of last week.
The surge in Tupperware's stock price was initially triggered by a surge in AMC Entertainment shares. However, AMC's role in Tupperware's current performance is indirect and less significant.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Tupperware Brands Corp (TUP) shares have surged over 425% in the past month, driven by a retail-driven short squeeze. The company is expected to report its Q2 earnings in about two weeks.
The surge in Tupperware's stock price is due to a retail-driven short squeeze, which has made it a popular choice among retail traders. The upcoming Q2 earnings report could further influence the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100