Core Viewpoint - Tupperware Brands is facing significant financial challenges and is not a viable investment opportunity, especially in light of its recent performance and ongoing issues with internal controls [1][4]. Financial Performance - Tupperware's net sales and gross profit have declined year-over-year, with a net earnings loss of $29.8 million for the 13 weeks ending July 1, 2023, compared to a net income of $8.3 million in the same period the previous year [3]. - The company has raised "substantial doubt about its ability to continue as a going concern" for at least one year from the issuance date of its financial statements [3]. Market Position and Competition - The competition in the plastic storage container market has intensified, with competitors offering products at significantly lower prices, making it difficult for Tupperware to recover [3]. - Tupperware stock experienced a temporary boost due to the meme-stock trend, rising 42% in mid-May without any company-specific news, but remains a highly risky penny stock trading below $5 per share [2]. Internal Issues - Tupperware has been late in filing its 2023 Form 10-K annual report due to "ongoing material weaknesses in internal control over financial reporting" and significant attrition in its accounting department, leading to resource gaps and loss of continuity [2][4].

It was not only three years ago that game retailer GameStop (NYSE:GME) became widely popular as a meme stock. GameStop stock still has experienced recent periodic surges thanks to the growing prevalence of Reddit investors. A recent Roaring Kitty’s post reignited interest, briefly boosting GME stock to more than $60. And despite analysts suggesting this stock should be worth roughly $7 per share, and a mini short squeeze has taken place, there are some who believe this stock could be headed much higher. The ...

It looks like the effects of the return of Roaring Kitty are still lingering, as GameStop (NYSE:GME) stock is up by 20% following the completion of its $933.4 million at-the-market (ATM) offering, equivalent to 45 million shares. The offering was announced on May 17. Roaring Kitty made his return on X (formerly Twitter) following a nearly three-year social media hiatus, sending meme stocks across the board higher. Roaring Kitty, real name Keith Gill, was a leading figure in the 2021 meme stock rally. This i ...

Years of work on Wall Street to pick up the pace of trading will be put to the test this week. If all goes well, most people won't notice the difference.Starting Tuesday, trades of stocks and several other securities will need to be settled by the end of the next business day. Settlement involves the actual swap of money for a security. This so-called "T+1 settlement" is an acceleration of the previous process, which allowed for two business days.The move is the latest evolution to make the plumbing of Wall ...

When investors thought that the GameStop (NYSE: GME) short-squeeze was over just as it started, GME shares showed signs of potential future gains driven by market speculation, causing more short squeezes, albeit smaller ones.Now, it seems that something factual sent GME stock soaring in the pre-market. It added 15% in pre-market trading, taking its price from $19 on Friday, to almost $22 at the time of writing.GME stock 24-hour price chart. Source: Google FinanceThis surge marks the largest daily surge sinc ...

GRAPEVINE, Texas, May 24, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE:GME) ("GameStop" or the "Company") today announced that it has completed its previously disclosed "at-the-market" equity offering program (the "ATM Program"). GameStop disclosed on May 17, 2024 that it filed a prospectus supplement with the U.S Securities and Exchange Commission to offer and sell up to a maximum amount of 45,000,000 shares of its common stock from time to time through the ATM Program. The Company sold the maximum number ...

GRAPEVINE, Texas, May 24, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it has completed its previously disclosed “at-the-market” equity offering program (the “ATM Program”). GameStop disclosed on May 17, 2024 that it filed a prospectus supplement with the U.S Securities and Exchange Commission to offer and sell up to a maximum amount of 45,000,000 shares of its common stock from time to time through the ATM Program. The Company sold the maximum numbe ...

GameStop (GME) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this video game retailer have returned +63.4% over the past month versus the Zacks S&P 500 composite's +4% change. The Zacks Retail - Consumer Electronics industry, to which GameStop belongs, has gained 6.8% over this period. Now the key question is: Where could the stock be headed in the near term?Although media ...

“Sell in May and go away” is a common adage in investing. It’s based on the historical pattern of stocks underperforming from May to October when investors tend to stay on the sidelines. While timing the market is sketchy work at best, following the herd might be the best option for some investors. All that’s left is figuring out if you’re holding prime stocks to sell. So, I’ve developed a list of companies that might get the short stick in May based on these criteria. Trade above their mean target priceHav ...

If you're looking for good news about the popular meme stocks ranked in this article, you'll be hugely disappointed. Barron's reported on May 21 that, according to Investor's Business Daily analysis, investors lost $13 billion on meme stocks in the three trading days after GameStop (NYSE:GME) hit a $64.83 52-week high on May 14. At the same time, GME hit a 52-week high, and AMC Entertainment (NYSE:AMC) hit a one-month high of $11.88. Trump Media & Technology Group (NASDAQ:DJT) didn't seem to react as much, ...