TUP - What's Going On With Tupperware's Stock? | Benzinga
Tupperware Brands Corporation (NYSE:TUP) shares are trading higher Monday, and the stock is up more than 35% over the past five days amid a meme stock revival.
The Details:
Tupperware shares have received attention from retail traders on social media over the past week as the meme stock rally moved from larger companies like GameStop and AMC Entertainment to smaller caps including Tupperware Brands.
Though the stock has benefited from the recent retail-fueled rally, Tupperware shares are down nearly 90% from 2021's highs. In its recent quarterly report, Tupperware reported a 14% decrease in revenue from the prior year, and a $55.8 million net loss.
Tupperware shares are moving on heavy trading volume Monday which can lead to large price movements when combined with high-short interest in a stock. According ...