Meme Stocks Remained Robust in Premarket Trading; Tupperware Jumped Nearly 9% and Surged Over 420% in 8 Days

Tiger Newspress2023-07-28

Meme stocks remained robust in premarket trading; Tupperware jumped nearly 9% and surged over 420% in 8 days.

Tupperware's stock on Thursday was also among the most watched tickers on retail-investor-focused Stocktwits.com, with an "extremely bullish" sentiment score.

The move in Tupperware's shares echoes those seen in financially challenged companies like Bed Bath & Beyond

and other "meme" stocks known for their sudden popularity with retail investors.

Also like other "meme" shares, Tupperware's stock is highly shorted. About 25% of the company's public float was sold short as of July 14, according to Refinitiv data.

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