Tupperware Brands Corp. (NYSE: TUP) stock price experienced over 173 Million trading volume in the recent one day. The surprising bullish outlook showed a 38.64% increase in just one day. This bullish trend in TUP stock price has been following for the last month. The recent one-month price analysis shows over 433% increase whereas in the recent one week, the rise is nearly 264%.
TUP Stock: Is Tupperware Stock The Latest Meme Stock?
With a surprising bullish trend, it can be said that Tupperware stock became the latest potential meme stock. Meanwhile, the bullish trend in TUP stock was noted due to retail investors and a short squeeze. Instead of the financial challenges, an unexpected price surge skyrockets in between similarities to GameStop Corp. (NYSE: GME) and AMC Entertainment Holdings Inc. (NYSE: AMC).
The first successful meme stock in history was GameStop stock which is widely supported by its online communities.
However, in the miscellaneous manufacturing industry stock list, out of 15 stocks, Tupperware stock showed maximum trading volume activity with 173.571 Million in a day. Brady Corp. (NYSE: BRC), Yeti Holdings Inc. (NYSE: YETI), and Advanced Drainage Systems Inc. (NYSE: WMS) were following TUP stock price in one-day trading volume.
TUP Stock Price Analysis
On July 31, 2023, Monday’s trading session, TUP stock price opened at $3.26 added $1.19, and noted closing at $4.27 with over 38% price rise. The high was at $4.79 whereas the TUP share was noted as low as $3.12. The 1-year price analysis of Tupperware stock shows over 39% price decline, as per the data sourced from TradingView, a web-based social network for traders.
In addition, since the beginning of November 2022, TUP stock price was trading below the price range of $5.00. If the bullish surge continues in the upcoming trading session, then its price can surpass this trading price range soon.
It is noteworthy that Tupperware Brands Corp. is going to report its Q1 2023 earnings and revenue report probably on August 2, 2023. Thus, near its earnings, investors showed their dominance that eventually drove its price above the overbought zone.
The Financial Highlights of Tupperware Brands Corp.
Tupperware Brands Corp. (NYSE: TUP), a consumer products company, has a market cap of nearly $189.921 Million. According to its Q2 2022 report, the total revenue of TUP is $313.70 Million which is 3.60% higher as compared to the previous quarter. The company’s net income for Q4 2022 is negative $34.60 Million.
TUP earnings per share (EPS) for Q4 2022 is $0.24 whereas the estimation was $0.22 which accounts for a negative 206.97% surprise. The estimated EPS for Q1 2023 is negative $0.03, and revenue is expected to reach $237.80 Million.
