: Tupperware up another 18% to kick off August after gaining record 434% in July

Tupperware Brands Corp.’s stock TUP jumped 18% in premarket trade Tuesday, extending its 39% gain from Monday and adding to July’s record gains, when the stock added 434%. Shares of the beleaguered maker of iconic food-storage containers have enjoyed a meteoric meme-like rally, even though the company has warned that it may go out of business and has entered a waiver agreement with some of its creditors. Tupperware’s recent trading activity is reminiscent of spikes in other names also recently seen as “left for dead,” as Samantha LaDuc, founder of LaDucTrading.com, put it to MarketWatch last week. The latest exchange data showed that short interest in Tupperware’s stock, or bearish bets made, had climbed to a three-year high of 9.69 million shares, which 27% of the public float, or shares readily available for the public to trade. Read more about short selling and how it works.

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