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Meme-stocks stage comeback after Tupperware, Yellow see 800% surge

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Meme-stocks make a comeback after Tupperware and bankrupt Yellow see shares jump more than 800%

soaring, suggesting that investors are growing more comfortable with taking on risk after the broader stock market moved higher.trucking company Yellow has already filed for bankruptcy protection and shut down its operations.But the immense risk of their equity being worthless hasn't scared traders out of bidding both stocks up by more than 800% over the past couple of weeks.

Both rallies have occurred on little fundamental news, and instead appear to have been partly driven by a short-squeeze, in which short-sellers close out their bearish positions by buying back the stock, putting more upward pressure on the stock price.

 

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