Meme-stocks make a comeback after Tupperware and bankrupt Yellow see shares jump more than 800%
soaring, suggesting that investors are growing more comfortable with taking on risk after the broader stock market moved higher.trucking company Yellow has already filed for bankruptcy protection and shut down its operations.But the immense risk of their equity being worthless hasn't scared traders out of bidding both stocks up by more than 800% over the past couple of weeks.
Both rallies have occurred on little fundamental news, and instead appear to have been partly driven by a short-squeeze, in which short-sellers close out their bearish positions by buying back the stock, putting more upward pressure on the stock price.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Tupperware's and Yellow's stocks have skyrocketed, but don’t confuse them with meme stocksShares of Tupperware and Yellow have soared recently, but they shouldn’t be confused with meme stocks, says Samantha LaDuc, founder of LaDucTrading.com
Leer más »
Tupperware and Yellow have skyrocketed, but don’t confuse them with meme stocksShares of Tupperware and Yellow have soared recently, but they shouldn’t be confused with meme stocks, says Samantha LaDuc, founder of LaDucTrading.com
Leer más »
Ripple Locks Massive 800 Million XRP, Here's How Much XRP Company Still OwnsRipple fintech firm has put 800 million XRP back in escrow, revealing in recent report true size of its XRP holdings
Leer más »
Maricopa County Medical Examiner sees record number of cases in July, more than 800NEW: Maricopa County has recorded 39 heat deaths so far this year with an additional 14 since last week. There are 312 deaths that remain under investigation by the Medical Examiner's Office.
Leer más »
The Transmission Of This 800 HP Chevy Camaro Went Bang On The Dyno | CarscoopsIt appears the transmission tail shaft housing of this 829 hp Chevy Camaro failed during a power run on the dyno car auto cars
Leer más »
Tupperware stock tumbles toward snapping five-day win streak in which it soared more than 300%Shares of Tupperware Brands Corp. tumbled 18.8% in morning trading Wednesday, which puts them on track to snap a five-day win streak, and to suffer the...
Leer más »