Tupperware rises again on joining meme stock ranks

Tupperware Brands

28/07/2023 13:39

** Shares of highly shorted Tupperware  TUP.N , latest stock
to catch retail traders' attention, up 9.5% at $3.26 premarket 
    ** Stock was the second-most traded by individual traders on
Thursday, according to J.P.Morgan flows data
    ** Stock has surged about 369% in the past five sessions on
no clear news catalyst
    ** With 230% WTD gains, TUP is on track for its best weekly
performance on record
    ** About 29% of TUP's publicly available shares were in
short position as of July 27 - Ortex
    ** TUP, which raised doubts about its ability to continue
amid growing concern about weak sales in April, has declined 28%
so far this year

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))