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

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.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tupperware's and Yellow's stocks have skyrocketed, but don’t confuse them with meme stocksShares of Tupperware and Yellow have soared recently, but they shouldn’t be confused with meme stocks, says Samantha LaDuc, founder of LaDucTrading.com
Source: MarketWatch - 🏆 3. / 97 Read more »

Tupperware and Yellow have skyrocketed, but don’t confuse them with meme stocksShares of Tupperware and Yellow have soared recently, but they shouldn’t be confused with meme stocks, says Samantha LaDuc, founder of LaDucTrading.com
Source: MarketWatch - 🏆 3. / 97 Read more »

Ripple Locks Massive 800 Million XRP, Here's How Much XRP Company Still OwnsRipple fintech firm has put 800 million XRP back in escrow, revealing in recent report true size of its XRP holdings
Source: Utoday_en - 🏆 295. / 63 Read more »