What's Going On With Tupperware Brands Stock?
Portfolio Pulse from Ryan Gustafson
Tupperware Brands Corporation (NYSE:TUP) shares surged on Tuesday, possibly due to retail investor interest. The company's status as a meme stock and its high short interest of 22.39% could be factors behind the strong movement. The stock had previously spiked in July and August following a rally in AMC Entertainment stock, but has been falling steadily since peaking in early August.
October 10, 2023 | 8:20 pm
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Tupperware's stock price surged, possibly due to retail investor interest. The company's status as a meme stock and its high short interest could be factors behind the strong movement.
The surge in Tupperware's stock price is likely due to retail investor interest, as the company is considered a meme stock. Additionally, the high short interest in the stock could be causing a short squeeze, driving the price up.
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