Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023.
Home and kitchen product maker Tupperware Brands Corp's stock rose more than 32%, after sky-rocketing by more than 575% over the past seven sessions despite no material changes to the company's health.
The original meme stock rallies, most famously, involved retailer GameStop and movie theater chain AMC Entertainment.
Market orders from retail traders made up 17.6% of total market flows on July 31, up from a near six-month low of 14.8% on July 20, according to J.P. Morgan data.
Roundhill's Meme index (.MEME) had hit a more than one-year high on Monday.
Persons:
Brendan McDermid, Tupperware, JJ Kinahan, Kinahan, Nikola Corp, Morgan, Dan Raju, Raju, Medha Singh, Devika Syamnath, David Gregorio Our
Organizations:
New York Stock Exchange, REUTERS, Tupperware Brands Corp, Apollo Global Management, Tupperware, Revlon, Hertz Corp, IG North America, GameStop, AMC Entertainment, Corp, Nikola, Tesla, Thomson
Locations:
New York City, U.S, Bengaluru, Chibuike, New York