Meme-stocks are making a comeback as investors send shares of troubled companies higher.
Tupperware and Yellow have both seen their share prices surge by more than 800% over the past week.
The rallies suggest that investors are willing to take on more risk after the broader stock market moved higher.
Shares of Yellow have surged as much as 1,062% from its July 27 low, while shares of Tupperware have jumped as much as 869% from its July 19 low.
Despite the latest meme-stock surges, shares of Tupperware are still 73% below their 52-week high, while Yellow is 54% below its 52-week high.
Persons:
Tupperware
Organizations:
Service, Yellow Corporation, Tupperware, Nasdaq
Locations:
Wall, Silicon, Tupperware