Although Tupperware shares were trading at over $40 apiece in 2021, the company’s stock value gradually declined over time. The New York Stock Exchange even issued a warning that Tupperware shares were at risk of being delisted due to their status as penny stocks. The Meme Stock PhenomenonTupperware’s recent stock surge can be attributed to small retail investors, similar to the GameStop and AMC scenarios. Despite concerns about the company’s revenue growth and debt load, Rodger believed that the underlying business still generated cash flow and justified a higher stock price. Key Takeaway:– Tupperware’s stock price has soared despite the company’s warning of potential bankruptcy.

Source: CBC News August 02, 2023 16:32 UTC