As 2023 is drawing near its conclusion, it is time to look back at the stock market and observe which of its participants made it to the list of shares belonging to the heavily popular companies that are trending on social media platforms, or meme stocks, this year.
The investment landscape has been abuzz with the trend of meme stocks, a phenomenon ushered in by the remarkable and dramatic rise in GameStop's (NYSE: GME ) stock in 2021. Driven by social media enthusiasm, these stocks experience rapid volatility that reinforces the importance of knowing which meme stocks to sell.
In the unpredictable terrain of the stock market, meme stocks to avoid have become a critical watchlist for investors. The social media-driven phenomenon has effectively turned stocks you'd typically avoid into viral sensations, leading to temporary price surges as communities rally to boost their value.
Tupperware (NYSE: TUP ) recently revealed that it will not be able to file its third-quarter earnings report on time. Worryingly, management cited financial headwinds and attrition as contributing factors to the delay.
Tupperware has replaced its CEO following months of struggle for the iconic container brand. Laurie Ann Goldman, former CEO for companies such as Spanx and Avon North America, was appointed Tupperware's new CEO Tuesday (Oct. 17), the company said in a news release.
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