Tupperware's Debt Restructuring Deal Ignites Retail Army, Boosting Meme Stock

Tupperware Brands saw its stock surge 44% after finalizing a debt restructuring deal, sparking renewed interest from retail investors. The kitchen storage container maker had raised concerns about its ability to continue as a going concern due to declining sales. The agreement with lenders will reduce or reallocate $150 million in cash interest and fees and provide immediate access to a revolving borrowing capacity of $21 million. Tupperware's stock has experienced a significant surge in recent weeks, driven by retail traders and social media attention. The company was the fourth most discussed stock on stocktwits.com and the second most actively traded stock by retail investors.