Tupperware Brands Corporation (TUP) : The conviction of the bears is waning as is visible by the drop in the short positions from Jul 29, 2016, to August 15, 2016. The total outstanding shorts decreased from 4,981,570 to 4,847,529 shares, with 10 days to go before the expiry. The short open interest has decreased by -2.7%, amounting to a reduction of -134,041 shares. Only a handful of traders believe that the stock has a large downside from current levels, as seen in the low short interest of 9.7% of the float of the company. The average daily volume of the stock is 482,735 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Tupperware Brands Corporation (NYSE:TUP): The stock opened at $66.42 on Wednesday but the bulls could not build on the opening and the stock topped out at $66.42 for the day. The stock traded down to $65.52 during the day, due to lack of any buying support eventually closed down at $65.94 with a loss of -1.17% for the day. The stock had closed at $66.72 on the previous day. The total traded volume was 414,910 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.