Tupperware Brands Corporation (NYSE:TUP) has seen a rise of 923,811 shares or 17.4% in the short interest. The remaining shorts are 12.5% of the total floated shares. The net short interest, as on June 15,2016, stood at 6,247,450 shares and the stocks days to cover will be 14 by factoring in the average per day volume of 431,124 shares. On May 31,2016, 5,323,639 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Tupperware Brands Corporation (NYSE:TUP): The stock opened at $56.70 on Friday but the bulls could not build on the opening and the stock topped out at $57.40 for the day. The stock traded down to $52.64 during the day, due to lack of any buying support eventually closed down at $53.15 with a loss of -11.15% for the day. The stock had closed at $59.82 on the previous day. The total traded volume was 2,449,154 shares.
The company shares have dropped -17.72% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $67.35 and the one year low was seen on Jan 27, 2016. The 50-Day Moving Average price is $56.24 and the 200 Day Moving Average price is recorded at $54.55.
Tupperware Brands Corporation (NYSE:TUP) has tumbled 5.71% during the past week and has dropped 5.93% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 4.15%. Tupperware Brands Corporation (NYSE:TUP) has underperformed the index by 3.08% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
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.