AAL

Tupperware Stock Becomes Latest to Join Meme Craze

The security boasts a whopping 603.1% quarter-to-date lead

Digital Content Manager
Aug 1, 2023 at 2:46 PM
facebook X logo linkedin


There's a new meme stock in town. Tupperware Brands Corp (NYSE:TUP) was last seen up 31.5% at $5.62, blasting out of penny stock territory as it becomes popular with retail traders. The security is among the most actively traded on Fidelity's retail customer platform, and is trending on Stocktwits.com with an "extremely bullish" sentiment score.
 

Drilling down to today's options activity, 99,000 calls and 41,000 puts have exchanged hands so far, or eight times the intraday average volume. The most popular is the weekly 8/4 5-strike call, where new positions are being opened, followed by the 5.50-strike call in that series.

The security is trading at its highest level since November, and eyeing its first close above the 320-day moving average since September 2021. Now pacing for its ninth win in the last 10 sessions, Tupperware Brands stock boasts a 603.1% quarter-to-date lead.

The only analyst in coverage calls TUP a "hold." It's also worth noting that the stock is still heavily shorted, with the 9.69 million shares sold short making up more than 25% of its available float, which would take over two days to cover at the average pace of daily trading. 

TUP 320 Day

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.