Tupperware Brands Corp.’s stock
TUP,
climbed 8.8% in premarket trades Friday, as shares of the beleaguered maker of iconic containers continued their rally. The stock ended Thursday’s session up 56.3%. On Monday Tupperware shares skyrocketed 75.6%, on no apparent news, marking its largest one-day percentage gain ever. Amid its surging share price, the company’s market capitalization hit $84.51 million on Thursday. On July 7, when Tupperware said that it had entered a waiver agreement with some of its creditors, the company’s market cap hovered around $33 million. 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 this week.
