Why Amyris Stock Is Rocketing Higher
Portfolio Pulse from Erica Kollmann
Amyris, Inc. (NASDAQ:AMRS) shares are trading higher as the stock rebounds following a steep selloff after the company filed for Chapter 11 bankruptcy. Retail investors have shown interest in beleaguered and even bankrupt companies, including Yellow Corporation (NASDAQ:YELL) and Tupperware Brands Corporation (NYSE:TUP). AMRS shares have also attracted short sellers with 23.81% of available shares being sold short.
August 11, 2023 | 4:42 pm
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NEUTRAL IMPACT
Amyris filed for Chapter 11 bankruptcy, causing a steep selloff, but the stock is rebounding. Retail investors and short sellers are showing interest.
The bankruptcy filing caused a selloff, but the stock is rebounding, indicating investor confidence in the company's restructuring plans. The high short interest could lead to a short squeeze, pushing the price higher.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Tupperware Brands Corporation is mentioned as an example of a beleaguered company that has attracted retail investor interest.
The mention of Tupperware Brands Corporation is in relation to the trend of retail investors showing interest in beleaguered companies. This could potentially impact the stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Yellow Corporation is mentioned as an example of a beleaguered company that has attracted retail investor interest.
The mention of Yellow Corporation is in relation to the trend of retail investors showing interest in beleaguered companies. This could potentially impact the stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50