Incoming meme9/22/2023 ![]() On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. As of now, it is unclear if the TUP stock short squeeze will continue, but it does not seem likely. This suggests that while interest from the r/WallStreetBets crowd rose recently, it may be falling just as quickly. ![]() Only the number of mentioning users has increased. According to Ape Wisdom, mentions of TUP stock have dropped 40% in the past 24 hours, and upvotes across various platforms have declined by 77%. That said, it should be noted that Tupperware Brands is currently falling, as is social media sentiment toward it. Since then, there hasn’t been any good news to reassure investors that it is making progress. The last time the company made headlines, it announced restructuring plans, sending shares down. Like other meme stocks, it has fallen so far that Wall Street has written it off, leading to increasing attention from short sellers. It makes sense that TUP stock would catch the eye of retail investors. All three factors make it clear that TUP stock’s growth is being driven by short squeeze momentum. The stock currently boasts an overall short squeeze score of 88 out of 100. And four days ago, for a short while, there was only a single share available to short. On top of that, the leading prime brokerage tracked by Fintel has, three times in the past six days, run out of shares to short. Data from Fintel shows that short interest is quite high, accounting for more than 23% of the stock’s float. As the company hasn’t reported any news that could serve as a growth catalyst recently, it seems as though TUP is the market’s current short squeeze play.ĭoes this mean its growth will continue, or will it die off as quickly as it rose? Let’s take a closer look at the factors impacting the TUP stock today.Īs of now, there is ample evidence to suggest that TUP stock is currently being squeezed to the top. As of this writing, TUP stock is up 51% for the day, and while it recently dipped, it is still up 110% for the past week. However, today it has skyrocketed, and signs point toward a massive short squeeze. In fact, it hasn’t traded above penny stock status since November 2022 and has fallen 66% year-to-date (YTD). The company’s products are well known, but for the past six months, TUP stock has been progressively trending downward. One of the market’s biggest sensations so far this week has been Tupperware Brands’ (NYSE: TUP) unprecedented surge.
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