The Cost to Borrow Tupperware Stock Just Doubled

Like
Comment
Favorite

The Cost to Borrow Tupperware Stock Just Doubled

InvestorPlace2023-08-02

Tupperware stock is up 27% Tuesday as part of the company’s more than 500% surge in just the past month.Investors everywhere are speculating that Tupperware has become the latest target of short ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1111899461?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-08-02 17:40","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1111899461","market":"us","top_or_hot":-1,"title":"The Cost to Borrow Tupperware Stock Just Doubled","media":"InvestorPlace","content":"<div>\n<p>Tupperware stock is up 27% Tuesday as part of the company’s more than 500% surge in just the past month.Investors everywhere are speculating that Tupperware has become the latest target of short ...</p>\n\n<a href=\"https://investorplace.com/2023/08/the-cost-to-borrow-tupperware-tup-stock-just-doubled/\">Source Link</a>\n\n</div>\n","source":"investorplace_stock_picks","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Cost to Borrow Tupperware Stock Just Doubled</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Cost to Borrow Tupperware Stock Just Doubled\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-02 17:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/08/the-cost-to-borrow-tupperware-tup-stock-just-doubled/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tupperware stock is up 27% Tuesday as part of the company’s more than 500% surge in just the past month.Investors everywhere are speculating that Tupperware has become the latest target of short ...</p>\n\n<a href=\"https://investorplace.com/2023/08/the-cost-to-borrow-tupperware-tup-stock-just-doubled/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TUP","symbol_name":"特百惠","start_time":0,"source_url":"https://investorplace.com/2023/08/the-cost-to-borrow-tupperware-tup-stock-just-doubled/","article_id":"1111899461","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1111899461","pubTimestamp":1690969204,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"$Tupperware$ stock is up 27% Tuesday as part of the company’s more than 500% surge in just the past month.Investors everywhere are speculating that Tupperware has become the latest target of short squeezers, looking to elevate the company’s share price amidst elevated short interest.With the company’s earnings report due out tomorrow, expect more action from the volatile company.Tupperware stock is making waves in the market today amidst a potential short-squeeze campaign against the food storag","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TUP":"特百惠"},"translate_title":"借入特百惠股票的成本刚刚翻了一番","themeId":"1c2c6c4d35d44c31970c95cd7e9e782e","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TUP":1.1},"content_text":"Tupperware stock is up 27% Tuesday as part of the company’s more than 500% surge in just the past month.Investors everywhere are speculating that Tupperware has become the latest target of short squeezers, looking to elevate the company’s share price amidst elevated short interest.With the company’s earnings report due out tomorrow, expect more action from the volatile company.Tupperware stock is making waves in the market today amidst a potential short-squeeze campaign against the food storage container company. Indeed, rumors are flooding Wall Street that TUP may be the latest “meme stock” in rotations as the company soars more than 500% since the start of July.What’s behind Tupperware’s surprise surge?Well, it appears that Tupperware is enjoying the fruits of a speculative frenzy, spurred by a rapid rise in options activity. Investors have been aggressively purchasing both call and put contracts on TUP, in the amounts of 76,000 and 40,000, respectively. Some of the most prominent options contracts purchased included $5 and $7.50 per share bets. With the stock sitting at about $5.50 at the time of writing, it appears some options traders have already cashed out on the stock.The jump in trading activity comes as a response to Tupperware’s July missive that it expects to have to liquidate some of its assets or radically adjust its operations in order to make interest payments as part of its current credit agreement.According to financial analytics website Fintel, the cost to borrow TUP has more than doubled just since last week. This is a classic sign of elevated short interest.TUP Stock Soars on Short SqueezeWith the company’s second-quarter earnings due tomorrow, it seems investors are attempting to manipulate the company’s share price in order to reap potentially lofty windfalls off the backs of short investors, who have essentially hemorrhaged money as the company’s stock continues to rise.Retail investors are attempting to “squeeze” short investors who bet on the demise of TUP stock. As shares of Tupperware surge in price, short investors are forced to make a choice of either hanging on, incurring theoretically infinite losses, or cutting their losses and backing out of their position, potentially lifting the stock price even further.Tupperware’s current short squeeze effort is highly reminiscent of other infamous meme stocks like GameStop and Bed Bath & Beyond. Each of whom enjoyed spontaneous, meteoric rises in stock price, even despite clear evidence the companies were headed to bankruptcy.Mentions of TUP have surged on Reddit’s WallStreetBets alongside its stock price. Short sellers, meanwhile have lost nearly $40 million on paper in the past month, according to S3 Partners. At the time of writing, roughly 30% of available shares are sold short, a notable increase from the 10% level back in November.Heading into afternoon trading, TUP stock is already up 27% today.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}