Tupperware might be the latest meme stock after more than tripling in value within a week.
Shares in the embattled food container maker more than tripled since July 20 to just over $3, leaving many to wonder whether it might be the latest "meme stock."
According to data from Marketwatch, 27% of Tupperware shares that are available to trade have been "shorted" by investors.
The amount of short interest in Tupperware has indeed fallen more than a quarter this year amid apparent interest from retail investors.
On r/WallStreetBets, the birthplace of the meme stock craze, members were giddily comparing the stock to Bed Bath & Beyond, the now-bankrupt homeware chain that had captivated certain investors since 2021.
Persons:
Earl Tupper, didn't, Neil Saunders, Saunders, I've, Tupperware
Organizations:
Marketwatch, Orlando Business Journal, BlackRock, Orlando Business, Bed
Locations:
freefall, Tupperware