The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Tupperware Brands Corporation shares valued at $199,150 were purchased by FORDYCE JAMES H on Jun 14. At $5.69 per share, FORDYCE JAMES H acquired 35,000 shares. The insider’s holdings grew to 73,823 shares worth approximately $0.54 million following the completion of this transaction.
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Also, HARBOUR PAMELA JONES purchased 45,000 shares, netting a total of over 256,500 in proceeds. Following the buying of shares at $5.70 each, the insider now holds 45,000 shares.
Before that, OLeary Christopher D had added 26,500 shares to its account. In a trade valued at $148,400, the Director bought Tupperware Brands Corporation shares for $5.60 each. Upon closing the transaction, the insider’s holdings increased to 26,500 shares, worth approximately $1.06 million.
As published in a research note from DA Davidson on May 05, 2022, Tupperware Brands Corporation [TUP] has been rated down from a Buy to a Neutral and the price target has been revised to $13. This represents a 43.62% premium over Thursday’s closing price. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early May. As of May 07, 2021, Citigroup has increased its “Neutral” rating to a “Buy” for TUP. Earlier on September 15, 2020, DA Davidson initiated its rating. Their recommendation was “a Buy” for TUP stock.
Analyzing TUP’s Price Performance
On Thursday, Tupperware Brands Corporation [NYSE: TUP] rose 4.56% to $7.33. The stock’s lowest price that day was $6.89, but it reached a high of $7.335 in the same session. During the last five days, there has been a surge of approximately 9.57%. Over the course of the year, Tupperware Brands Corporation shares have dropped approximately -52.06%. Shares of the company reached a 52-week high of $21.10 on 04/14/22 and a 52-week low of $5.54 on 06/13/22. A 50-day SMA is recorded $10.44, while a 200-day SMA reached $16.41. Nevertheless, trading volume fell to 1.11 million shares from 1.93 million shares the previous day.
Support And Resistance Levels for Tupperware Brands Corporation (TUP)
According to the 24-hour chart, there is a support level at 7.03, which, if violated, would cause prices to drop to 6.74. In the upper region, resistance lies at 7.48. The next price resistance is at 7.63. RSI (Relative Strength Index) is 48.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.68, which suggests the price will decrease in the coming days. Percent R is at 0.28%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Tupperware Brands Corporation subject to short interest?
Stocks of Tupperware Brands Corporation saw a sharp steep in short interest on May 30, 2022 dropping by -0.84 million shares to 3.95 million. Data from Yahoo Finance shows that the short interest on Apr 28, 2022 was 4.79 million shares. A decline of -21.27% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.75 of the overall float, the days-to-cover ratio (short ratio) decline to 1.75.
Which companies own the most shares of Tupperware Brands Corporation (TUP)?
According to BlackRock Fund Advisors filings, the company currently owns 7,410,918 shares, which is about 16.17% of the total TUP shares outstanding. The investor’s shares have plunged by -8,626 from its previous 13-F filing of 7419544.0 shares. With the completion of the buy transaction, Allspring Global Investments LLC’s stake is now worth $25,189,545. The Vanguard Group, Inc. acquire a 2.71% interest valued at $22.11 million while Miller Value Partners LLC purchased a 1,845 stake. A total of 74,140 shares of Tupperware Brands Corporation were bought by Fidelity Management & Research Co during the quarter, and 52,640 were bought by SSgA Funds Management, Inc. In its current portfolio, Soviero Asset Management LP holds 1,300,000 shares valued at $8.62 million.