Tupperware Brands Corporation (TUP) : The total negative money flow of $2.68 million on Wednesday indicates selling on strength. The inflow of money on upticks was $22.62 million, compared to $25.29 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.89. The negative money flow of $3.99 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $2.43 million in a block trade.The transaction value of block trade on downtick was $6.41 million. The uptick to downtick ratio was 0.38. The price action in the Tupperware Brands Corporation (TUP) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $63.39 with a gain of $5.32 , a change of 9.16% over the previous days close. The stock registered 5.77% for the week.
Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on Tupperware Brands Corporation (NYSE:TUP). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm raises the price target from $57 per share to $63 per share. The rating by the firm was issued on April 18, 2016.
Tupperware Brands Corporation (NYSE:TUP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $58.74 and $58.74 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $63.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $62.55, notching a gain of 7.71% for the day. The total traded volume was 2,478,824 . The stock had closed at $58.07 on the previous day.
The stock has recorded a 20-day Moving Average of 10.33% and the 50-Day Moving Average is 11.69%. In a related news, The Securities and Exchange Commission has divulged that Roehlk Thomas M, officer (EVP, Chief Legal Officer & Sec) of Tupperware Brands Corp, had unloaded 2,000 shares at an average price of $56.45 in a transaction dated on July 1, 2016. The total value of the transaction was worth $112,900.
Tupperware Brands Corporation (Tupperware Brands) is a global direct-to-consumer company engaged in the manufacture and sale of Tupperware products and cosmetics and personal care products. The Companys Europe, Asia Pacific and Tupperware North America segments offer storage and serving solutions for the kitchen and home through the Tupperware brand. Europe segment includes Avroy Shlain, which sells beauty and personal care products. Asia Pacific segment sells beauty and personal care products under the NaturCare, Nutrimetics and Fuller brands. The Companys Beauty North America segment offers cosmetics, skin care and personal care products marketed under the BeautiControl brand in the United States, Canada and Puerto Rico and the Armand Dupree and Fuller Cosmetics brands in Mexico and Central America. The Companys South America segment offers both housewares and beauty products under the Armand Dupree, Fuller, Nuvo and Tupperware brands.