{"id":1990642,"date":"2023-08-04T07:51:01","date_gmt":"2023-08-04T11:51:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/meme-stock-tupperware-jumps-as-debt-restructuring-deal-fuels-retail-frenzy\/"},"modified":"2023-08-04T07:54:51","modified_gmt":"2023-08-04T11:54:51","slug":"meme-stock-tupperware-jumps-as-debt-restructuring-deal-fuels-retail-frenzy","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/meme-stock-tupperware-jumps-as-debt-restructuring-deal-fuels-retail-frenzy\/","title":{"rendered":"Tupperware&#8217;s meme stock soars on retail frenzy after debt restructuring deal."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmeme-stock-tupperware-jumps-as-debt-restructuring-deal-fuels-retail-frenzy%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1990642&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p>(Reuters) \u2013 Shares of Tupperware Brands surged 53.1% in premarket \u200dtrading on Friday, after the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/meme-stock-tupperware-jumps-as-debt-restructuring-deal-fuels-retail-frenzy\/\" title=\"Tupperware's meme stock soars on retail frenzy after <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/garuda-indonesia-files-for-chapter-15-u-s-bankruptcy-procedure-ceo\/\" title=\"Garuda Indonesia files for Chapter 15 U.S. bankruptcy procedure \u2013 CEO\">debt restructuring deal<\/a>.&#8221;>kitchen\u2064 storage container\u2064 maker finalized<\/a> a debt restructuring deal, reinvigorating individual investors\u2019 interest in\u2062 the\u2064 company.<\/p>\n<p>The Florida-based firm is making an \u200cattempt to turn\u200b around its business after raising doubts in April about its ability to continue\u200d as \u200da going concern as it struggles with slumping sales.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Tupperware said on Thursday it had struck an agreement with its lenders which will \u2062help reduce or reallocate about $150 million of cash interest\u2062 and \u2063fees, \u2062and\u2063 would give it \u200dimmediate access to a revolving borrowing capacity of about $21 million.<\/p>\n<p>Widely recognized \u200dfor its bright-colored plastic airtight\u2062 containers, the\u200b company had recently caught <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bloodbath-hedge-fund-short-sale-losses-top-1-billion-following-gamestop-stock-surge\/\" title=\"Bloodbath: Hedge Fund Short Sale Losses Top  Billion Following GameStop Stock Surge\">retail traders<\/a>\u2019 attention, \u200bwhich has helped drive a more than 449% share surge \u200bover the \u2062past \u2062three weeks.<\/p>\n<p>Tupperware was the fourth most touted stock on investors-focused social media, stocktwits.com on Friday.<\/p>\n<p>The share gains were reminiscent of eye-watering rallies for &#8220;meme stocks&#8221; including AMC and GameStop, where \u2062retail investors would band together on social media and typically focus their speculative bets \u2063on companies that were financially struggling and had high short interest.<\/p>\n<p>Analytics firm Ortex estimated 30.8% of Tupperware\u2019s publicly available shares were shorted. Bearish investors have lost $33 million on paper in the past three weeks, taking their \u2064year-to-date losses to $15.4 million.<\/p>\n<p>Measured \u2063by number of trades,\u2062 Tupperware was the second\u200d most actively traded single stock by retail traders over \u200bthe past week, Peng Cheng, strategist at J.P.Morgan, wrote in a note late Wednesday.<\/p>\n<p>Tupperware held\u2064 a market value of $156.56 million as of Thursday\u2019s close, after losing about 63% off its value over the \u2064past \u200b12 months.<\/p>\n<p>Other active meme stocks \u2063over the past week include Yellow and Nio Inc, Cheng said.<\/p>\n<\/p>\n<p>  (Reporting by Medha Singh in Bengaluru; Editing by Krishna Chandra Eluri)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/meme-stock-tupperware-jumps\/attachment\/file-photo-traders-work-on-the-floor-of-the-nyse-2\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>A New Survey Reveals Male High School Students Lean Conservative<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>45th President\u200b Pleads Not Guilty in High Profile Trump Arraignment<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>45th President Donald Trump Pleads Not Guilty to Felony\u200b Charges<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>Devon Archer Reflects on His \u200bBusiness Partnership with\u200c Hunter Biden<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>(Reuters) -Google-parent Alphabet Cuts Stake in Robinhood Markets<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>(Reuters) -Google-parent \u2063Alphabet Cuts Stake in Robinhood Markets<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>India Implements Licensing\u200b Requirement for Imports of Laptops and Tablets<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>TikTok Introduces New \u200bFeatures for European Users<\/h2>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Tupperware Brands rose 53.1% in premarket trading after the company completed a debt restructuring deal. This has reignited the interest of individual investors, as the Florida-based firm strives to revive its business following concerns raised in April about its future sustainability.<\/p>\n","protected":false},"author":66,"featured_media":1990643,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1990642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1990642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1990642"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1990642\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1990643"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1990642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1990642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1990642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}