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Can Tupperware’s Rally Continue Amid the Meme Stock Trend?

Key Points
Tupperware has seen a significant surge of 342% in the last month as speculative capital reentered the market, similar to the meme stock runs witnessed in the past.
Despite the surge, Tupperware is facing challenges such as declining revenue and cash balance, which creates uncertainty about its long-term prospects.
While Tupperware’s newfound retail following and the meme-fueled rally may provide a temporary boost, there are lingering questions about the sustainability of the stock’s current surge.
Here are five stocks that we think are better picks than Tupperware Brands.
The meme stock craze of 2021, led by GameStop and AMC Entertainment, saw retail investors from online forums like Reddit’s WallStreetBets challenging institutional short-sellers, resulting in a major short squeeze. This phenomenon sparked discussions on market manipulation and the democratization of finance. It showcased the power of retail investors and reshaped our perception and involvement in the stock market. A similar trend has been emerging in recent weeks.
After the market recently hit a new 52-week high, speculative capital has reentered the market after being mostly inactive since the beginning of 2022. This has led to a meme-type surge in several stocks. One notable mover has been Tupperware Brands Corporation, which has seen its stock price surge by 342% over the last month. With its newfound retail following, the question arises: Is Tupperware on the path to recovery, or will this euphoric surge turn out to be short-lived?
Tupperware Brands Corporation
Tupperware Brands Corporation is a global consumer products company that specializes in kitchen and home solutions. Their product range includes cookware, storage products, and water-filtration items. The company operates in approximately 70 countries and relies on an independent sales force. It was founded in 1946 and has its headquarters in Orlando, Florida.
Currently, Tupperware has a market capitalization of $163 million, a short interest of 27%, and a 52-week range of $0.61 to $12.86.

Institutional Ownership and Insider Activity
As of now, institutional ownership of Tupperware stands at 65.6%, with a total inflow of $45.38 million over the past twelve months, compared to outflows of $50.35 million. The two largest institutional owners of Tupperware are Vanguard Group, with 6.742% ownership, and BlackRock, with 6.501% ownership. Insider ownership currently stands at 2.19%, and there have been no insider sellings in the past twelve months. During the same period, two insiders purchased stock totaling $1.10 million.

A Closer Look at Tupperware
Tupperware has limited analyst coverage, with only two analyst ratings from DA Davidson and Citigroup. The consensus rating for the stock is Hold, and the consensus price target is $5.50, which has remained unchanged for the past three months.
Despite the absence of any significant news, Tupperware’s stock has experienced a substantial surge. This type of action is not unprecedented. If we look back at previous meme stocks, we can see how a meme-fueled surge in stock price brought about significant changes in a company’s fundamentals. In the case of Tupperware, rumors of a takeover by Ryan Cohen of GameStop in April led to a rally in its stock. Despite concerns about Tupperware’s financial stability and delayed filing of required documents, some investors remain hopeful for a turnaround.
However, Tupperware’s declining revenue and cash balance raise concerns about its future outlook. While the meme stock rally may provide temporary compliance with stock exchange requirements, uncertainty persists regarding Tupperware’s long-term prospects. Financehubusa keeps track of top-rated and best-performing research analysts on Wall Street and the stocks they recommend to their clients on a daily basis. We have identified the five stocks that these analysts quietly whisper to their clients to buy now before the broader market catches on… and Tupperware Brands is not on the list. Although Tupperware Brands currently has a “Hold” rating among analysts, top-rated analysts believe that these five stocks are better investment opportunities.
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