Tupperware Brands Corporation TUP shares soared on Wednesday, fueled by the fervor of retail investors in the meme stock realm.
What’s Happening: Several meme stocks, including Tupperware, experienced a surge in Wednesday’s trading session, with GameStop Corporation GME leading the pack. The resurgence of interest in GameStop, driven by social media buzz, ignited momentum on Tuesday and continued into Wednesday, hinting at a potential meme stock rally.
Other meme stock players that saw upward movement alongside Tupperware were Carvana Co. CVNA and AMC Entertainment Holdings, Inc. AMC.
Tupperware stock also made waves as one of the top stocks on Yahoo’s Trending Tickers on Wednesday.
In addition, the broader consumer discretionary sector reaped the benefits of a drop in Treasury yields during the session.
Related Link: Fed Beige Book Reveals Economic Slowdown Amid Rising Consumer Price Sensitivity
TUP Price Action: Shares of TUP surged by 15.8% to $1.91 at the market’s close, as reported by Benzinga Pro.
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