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Thursday, October 26, 2023 5:23:10 PM
By Samantha Gray - October 25, 2023
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In a filing, Tupperware Brands Corporation revealed 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 $0.66 million.
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.
DA Davidson downgraded its Tupperware Brands Corporation (TUP) rating to a Neutral from a a Buy in a research note published on Tuesday. PT values the company’s stock at a premium of 88.0 to its Tuesday closing price.
Price Performance Review of TUP
On Tuesday, Tupperware Brands Corporation (NYSE:TUP) saw its stock fall -9.83% to $1.56. On the same session, the stock had its day’s lowest price of $1.54, but rose to a high of $1.77. Over the last five days, the stock has lost -28.44%. Tupperware Brands Corporation shares have fallen nearly -62.32% since the year began.
Nevertheless, the stocks have fallen -78.15% over the past one year. While a 52-week high of $8.00 was reached on 08/01/23, a 52-week low of $0.61 was recorded on 07/20/23. SMA at 50 days reached $2.0556, while 200 days put it at $2.2448. A total of 3.63 million shares were traded, compared to the trading of 1.88 million shares in the previous session.
Levels Of Support And Resistance For TUP Stock
The 24-hour chart illustrates a support level at 1.4767, which if violated will result in even more drops to 1.3933. On the upside, there is a resistance level at 1.7067. A further resistance level may holdings at 1.8533. The Relative Strength Index (RSI) on the 14-day chart is 43.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1336, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.89%. Stochastics %K at 33.12% 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 Oct 12, 2023, growing by 2.92 million shares to a total of 10.94 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2023 was 8.02 million shares. There was a rise of 26.69%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 25.12% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.63.
Tupperware Brands Corporation (TUP)– Who Are The Largest Shareholders?
In filings from Charles Schwab Investment Managem, it is revealed that the company now owns 3,330,763 shares, or roughly 7.49% of the outstanding TUP shares. In other words, the investor’s shares have risen by 1,543,145 from its previous 13-F filing of 1787618.0. Additionally, The Vanguard Group, Inc. decreased -0.91% of its stake after which the total value it holdings stand at $3,140,631, while D. E. Shaw & Co. LP added 3.26% of its stake to hold $2.98 million in the firm.
Over the last quarter, Acadian Asset Management LLC purchased 158,567 shares of Tupperware Brands Corporation, while AQR Capital Management LLC bought -162,991 shares. At present, GSA Capital Partners LLP is holding 1,035,021 shares valued at $1.45 million. LSV Asset Management owned 890,200 shares of the company at the time of its most recent 13F filing, worth $1.25 million.
According to FactSet, Tupperware Brands Corporation’s share price will average $4.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 131.21 percent from its previous closing price of $1.73. Analysts expect Tupperware Brands Corporation stock to reach the higher price of $4.00, while the lowest price estimate is $4.00. However, 1 analyst have rated TUP stock as a Hold in their predictions for 2023.
TRUISM
I've never claimed to have all the answers but feel i'm beginning to corner the market in questions worthy of them.
Recent TUP News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 08:17:34 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/30/2024 08:08:31 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/10/2024 08:37:07 PM
- New Tupperware® WowPop Popcorn Maker and Ultimate Silicone Bags Win International Red Dot Awards for Outstanding Product Design • PR Newswire (US) • 04/23/2024 02:26:00 PM
- As Expected, Tupperware Brands Receives NYSE Notice Regarding Late 2023 10-K Filing • PR Newswire (US) • 04/19/2024 08:15:00 PM
- Wow! Tupperware Popped Up on Newsweek's Most Trustworthy Companies in America • PR Newswire (US) • 04/16/2024 06:45:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/26/2024 09:59:08 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/16/2024 09:06:36 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 02/01/2024 11:51:33 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/29/2024 01:18:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/17/2024 09:11:57 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/11/2024 09:15:48 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/22/2023 09:30:07 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 11/27/2023 10:04:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/21/2023 10:00:06 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/09/2023 09:06:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/06/2023 09:19:01 PM
- Tupperware Brands Loses PcW as Auditor • Dow Jones News • 10/27/2023 09:29:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/27/2023 08:22:33 PM
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