Florida-based Tupperware shares have skyrocketed despite a poor financial outlook for the company.
that, because it’s market capitalization was so low—less than $50 million—it wasn’t in compliance with listing requirements.
The stock shares a lot of similarities with a group of stocks known as “meme stocks” such as GameStop and AMC Entertainment: it’s rising in price despite poor financial performance, and it is highly shorted.
Tupperware’s stock boost some, mostly through jokes, but it’s unclear whether the community contributed to the price increase through a coordinated effort.9.69 million. That’s how many shares of Tupperware are shorted right now, representing 27% of all shares of the company, according to investment data firmEarlier this month, Blackrock, the behemoth investment company, stepped in as an investment partner to Tupperware.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tupperware's stock extends recent rally, up 300% in 5 trading daysShares of home and kitchen product maker Tupperware extended their sharp, unexplained gains on Thursday, rising about 50% and putting the stock up more than 300% during the last five trading days despite recent concerns about its business.
Read more »
Tupperware stock climbs 8%, continuing rallyTupperware Brands Corp.’s stock climbed 8.8% in premarket trades Friday, as shares of the beleaguered maker of iconic containers continued their rally. The...
Read more »
LendingClub stock falls 5% after lender says ‘headwinds’ likely to persistShares of LendingClub Corp. dropped more than 5% in the extended session Wednesday after the financial services company beat quarterly earnings expectations...
Read more »
Stock market news today: Dow win streak at risk amid Fed meetingThe Dow's win streak is at risk as US stocks drop ahead of expected Fed rate hike
Read more »
Asian Stock Market: Nikkei, Shanghai ignore BoJ concerns amid upbeat China data, policy pivot talksAsian Stock Market: Nikkei, Shanghai ignore BoJ concerns amid upbeat China data, policy pivot talks – by anilpanchal7 Asia Equities BOJ China CentralBanks
Read more »
Snap's bleak earnings just crashed its stock - againSnap stock is facing a double-digit sell-off after earnings for the 5th straight quarter. Here's why investors are panicking.
Read more »