Tupperware Brands Corporation (TUP) may enjoy gains as insiders got busy in the recent days

In a filing, Tupperware Brands Corporation revealed its Director FORDYCE JAMES H acquired Company’s shares for reported $0.2 million on Jun 14. In the deal valued at $5.69 per share,35,000 shares were bought. As a result of this transaction, FORDYCE JAMES H now holds 73,823 shares worth roughly $ 0.55 million.


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Then, HARBOUR PAMELA JONES bought 45,000 shares, generating $256,500 in total proceeds. Upon buying the shares at $5.70, the Director now owns 45,000 shares.

Before that, OLeary Christopher D bought 26,500 shares. Tupperware Brands Corporation shares valued at $148,400 were divested by the Director at a price of $5.60 per share. As a result of the transaction, OLeary Christopher D now holds 144,754 shares, worth roughly $1.08 million.

DA Davidson downgraded its Tupperware Brands Corporation [TUP] rating to a Neutral from a a Buy in a research note published on Friday. PT values the company’s stock at a premium of 42.62 to its Friday closing price. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in early May from “a Buy” to “a Neutral”. Citigroup also remained covering TUP and has increased its forecast on May 07, 2021 with a “Buy” recommendation from previously “Neutral” rating. DA Davidson started covering the stock on September 15, 2020. It rated TUP as “a Buy”.

Price Performance Review of TUP

On Friday, Tupperware Brands Corporation [NYSE:TUP] saw its stock jump 6.57% to $7.46. On the same session, the stock had its day’s lowest price of $6.98, but rose to a high of $7.46. Over the last five days, the stock has gained 4.78%. Tupperware Brands Corporation shares have fallen nearly -51.21% since the year began. Nevertheless, the stocks have fallen -64.58% over the past one year. While a 52-week high of $25.44 was reached on 04/14/22, a 52-week low of $5.54 was recorded on 06/13/22. SMA at 50 days reached $6.64, while 200 days put it at $14.49. A total of 1.62 million shares were traded, compared to the trading of 0.9 million shares in the previous session.

Levels Of Support And Resistance For TUP Stock

The 24-hour chart illustrates a support level at 7.14, which if violated will result in even more drops to 6.82. On the upside, there is a resistance level at 7.62. A further resistance level may holdings at 7.78. The Relative Strength Index (RSI) on the 14-day chart is 55.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 0.00%. Stochastics %K at 78.64% indicates the stock is a holding.

How much short interest is there in Tupperware Brands Corporation?

A steep rise in short interest was recorded in Tupperware Brands Corporation stocks on Apr 28, 2022, growing by 0.54 million shares to a total of 4.79 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 4.25 million shares. There was a rise of 11.27%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 12.92% of the overall stock float, the days-to-cover ratio (short ratio) rose to 9.03.

Tupperware Brands Corporation [TUP] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 7,410,918 shares, or roughly 16.17% of the outstanding TUP shares. In other words, the investor’s shares have fallen by -8,626 from its previous 13-F filing of 7419544.0. Additionally, The Vanguard Group, Inc. increased 2.71% of its stake after which the total value it holdings stand at $21,140,407, while Miller Value Partners LLC added 0.07% of its stake to hold $17.87 million in the firm. Over the last quarter, Fidelity Management & Research Co purchased 74,140 shares of Tupperware Brands Corporation, while Allspring Global Investments LLC bought -1,369,698 shares. At present, SSgA Funds Management, Inc. is holding 1,920,506 shares valued at $12.18 million. Soviero Asset Management LP owned 1,300,000 shares of the company at the time of its most recent 13F filing, worth $8.24 million.

According to FactSet, Tupperware Brands Corporation’s share price will average $13.63 in the next year, based on opinions of analysts polled by the firm. This is up nearly 82.14 percent from its previous closing price of $7.00. Analysts expect Tupperware Brands Corporation stock to reach the higher price of $21.00, while the lowest price estimate is $8.00. However, 4 analysts have rated TUP stock as an Overweight in their predictions for 2022.

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