NEW YORK (Reuters) -Shares of home and kitchen product maker Tupperware extended their sharp, unexplained gains on Thursday, rising more than 50% and putting the stock up nearly 350% during the last five trading days despite recent concerns about its business. The stock gains have come despite signs earlier this year of problems for Florida-based Tupperware Brands Corp. In April, it raised doubts about its ability to continue amid growing concern about weak sales, while in May it said it signed on investment bank Moelis & Co to help explore strategic alternatives. Tupperware's stock on Thursday was also among the most watched tickers on retail-investor-focused Stocktwits.com, with an "extremely bullish" sentiment score.
Tupperware s market cap almost triples as stock continues to skyrocket biztoc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztoc.com Daily Mail and Mail on Sunday newspapers.
Tupperware s stock extends recent rally, up 300% in 5 trading days reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Expected Major Events for Wednesday 05:00/JPN: May Indexes of Business Conditions - Revision 06:45/FRA: Jul Consumer confidence survey 08:59/JPN: Jul Monthly Economic Report .