5 Best Day Trading Stocks To Buy

2. Tupperware Brands Corporation (NYSE:TUP)

Number of Hedge Fund Holders: 9

Average Trading Volume as of November 2: 6.62 Million

Share Price Gain in Past Month: 26%  

Tupperware Brands Corporation (NYSE:TUP) operates as a consumer products company worldwide. The areas in which it operates include the Asia Pacific, Europe, Africa, the Middle East, North America, and South America. Some of the products it sells include cookware, knives, microwave products, microfiber textiles, water-filtration related items, and an array of products for on-the-go consumers under the Tupperware brand name. The company is based in Florida and was founded in 1946. 

Tupperware Brands Corporation (NYSE:TUP) stock has rallied in the past few weeks, even though the short interest on the shares is high, after the company disclosed in a SEC filing that it entered into the fifth amendment to an existing credit agreement that extended the deadline for delivery of the annual audited financial statements from September 16 to November 1. 

At the end of the second quarter of 2023, 9 hedge funds in the database of Insider Monkey held stakes worth $3.8 million in Tupperware Brands Corporation (NYSE:TUP), compared to 20 in the preceding quarter worth $16 million. 

Among the hedge funds being tracked by Insider Monkey, Florida-based investment firm Citadel Investment Group is a leading shareholder in Tupperware Brands Corporation (NYSE:TUP) with 569,100 shares worth more than $455,000.