The meme traders are back. Shares of Tupperware\n \n have exploded by about 165% this week and more than 300% over the last month for no discernible reason. The Florida-based container company has been in hot water for some time. Sales are on the decline and Tupperware even warned in April that it was on the brink of bankruptcy.
There are, however, posts on Reddit that could offer an explanation. “YEESH,” wrote one user about the company’s outlook. “Still threw $3,000 at it. Did the same with [Bed Bath & Beyond] last summer. As long as I’m not playing with too much and have a stop loss I’m ok with losing a few hundred dollars for a chance to moon again.” “This will be the next big short squeeze, I went all in yesterday,” commented another.
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