Tupperware Brands Corp.’s stock
TUP,
climbed 9.1% in premarket trades Monday, as shares of the beleaguered maker of iconic containers continued their rally. The stock ended Friday’s session up 3.7%, and have risen 277.9% in the past month. On July 24 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 $137 million on Friday. 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 last week.
