Shares of Tupperware Brands Corporation (TUP) Sees Large Outflow of Money

Tupperware Brands Corporation (TUP) : The total negative money flow of $14.48 million on Tuesday indicates selling on strength. The inflow of money on upticks was $3.13 million, compared to $17.6 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.18. The negative money flow of $14.31 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $14.31 million. 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 $66.05 with a gain of $0.29 , a change of 0.44% over the previous days close. The stock registered 1.07% for the week.


Also, Major Brokerage house, Citigroup maintains its ratings on Tupperware Brands Corporation (NYSE:TUP). The rating by the firm was issued on July 19, 2016.

Tupperware Brands Corporation has dropped 1.47% in the last five trading days, however, the shares have posted positive gains of 5.17% in the last 4 weeks. Tupperware Brands Corporation is up 16.38% in the last 3-month period. Year-to-Date the stock performance stands at 21.06%.

Tupperware Brands Corporation (NYSE:TUP): The stock opened at $65.94 on Tuesday but the bulls could not build on the opening and the stock topped out at $66.20 for the day. The stock traded down to $65.47 during the day, due to lack of any buying support eventually closed down at $65.74 with a loss of -0.47% for the day. The stock had closed at $66.05 on the previous day. The total traded volume was 211,027 shares.

In a related news, Gupta Asha, officer (Group President) of Tupperware Brands Corp, unloaded 400 shares at an average price of $62.65 on August 4, 2016. The total amount of the transaction was worth $25,060, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.