Tupperware stock tumbles toward snapping five-day win streak in which it soared more than 300%
Shares of Tupperware Brands Corp. (TUP) tumbled 18.8% in morning trading Wednesday, which puts them on track to snap a five-day win streak, and to suffer the biggest one-day drop since it sank 27.5% on May 8. The food-storage container company's "meme"-like stock, which closed Tuesday at the highest price since Nov. 15, 2022, had rocketed 304.5% over the previous five-sessions, and skyrocketed 767.7%. amid a 10-session stretch through Tuesday in which it had gained nine times. The stock has run up 273.5% over the past three months, but was still down 39.3% over the past 12 months, while the S&P 500 has gained 10.8% over the past year.
-Tomi Kilgore
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08-02-23 1014ET
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