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


Tupperware Brands Corporation’s filing revealed that its Executive Vice Chair GOUDIS RICHARD acquired Company’s shares for reported $1.0 million on Nov 04. In the deal valued at $3.93 per share,254,500 shares were bought. As a result of this transaction, GOUDIS RICHARD now holds 424,500 shares worth roughly $ 1.63 million.

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Then, Fernandez Calero Miguel Angel bought 24,000 shares, generating $101,520 in total proceeds. Upon buying the shares at $4.23, the Chief Executive Officer now owns 485,965 shares.

Before that, HARBOUR PAMELA JONES bought 45,000 shares. Tupperware Brands Corporation shares valued at $256,500 were divested by the Director at a price of $5.70 per share. As a result of the transaction, HARBOUR PAMELA JONES now holds 45,000 shares, worth roughly $0.17 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 70.46 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 4.63% to $3.84. On the same session, the stock had its day’s lowest price of $3.645, but rose to a high of $3.9175. Over the last five days, the stock has gained 0.79%. Tupperware Brands Corporation shares have fallen nearly -7.25% since the year began. Nevertheless, the stocks have fallen -80.40% over the past one year. While a 52-week high of $21.10 was reached on 01/09/23, a 52-week low of $3.00 was recorded on 03/01/23. SMA at 50 days reached $4.17, while 200 days put it at $6.45. A total of 0.97 million shares were traded, compared to the trading of 1.4 million shares in the previous session.

Levels Of Support And Resistance For TUP Stock

The 24-hour chart illustrates a support level at 3.68, which if violated will result in even more drops to 3.53. On the upside, there is a resistance level at 3.96. A further resistance level may holdings at 4.07. The Relative Strength Index (RSI) on the 14-day chart is 45.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.83%. Stochastics %K at 41.41% 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 Jan 12, 2023, dropping by -0.31 million shares to a total of 3.99 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 4.3 million shares. There was a decline of -7.77%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 11.13% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.91.

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

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 2,782,128 shares, or roughly 6.26% of the outstanding TUP shares. In other words, the investor’s shares have fallen by -4,350,483 from its previous 13-F filing of 7132611.0. Additionally, The Vanguard Group, Inc. decreased -21.04% of its stake after which the total value it holdings stand at $10,224,440, while Millennium Management LLC added 284.18% of its stake to hold $9.35 million in the firm. Over the last quarter, Allspring Global Investments LLC sold -530,178 shares of Tupperware Brands Corporation, while Charles Schwab Investment Managem sold 317,608 shares. At present, D. E. Shaw & Co. LP is holding 1,388,743 shares valued at $6.15 million. SSgA Funds Management, Inc. owned 1,166,772 shares of the company at the time of its most recent 13F filing, worth $5.17 million.


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