Tupperware Brands Corporation (TUP) in Focus: Stock Surges 11.6% - Tale of the Tape
Tupperware Brands Corporation (TUP) was a big mover last session, as the company saw its shares rise roughly 12% on the day. The move came on the company’s announcement of upbeat fourth-quarter results as well as a regular quarterly dividend on Wednesday. This led to solid volume with far more shares changing hands than in a normal session. Also, this reverses the recent trend of the company, as the stock is now trading above the volatile price range of $59.74 to $63.84 in the past one-month time frame.
The company has seen no estimate revisions over the past 7 days, while its Zacks Consensus Estimate has remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future to see if yesterday’s jump can turn into more strength down the road.
Tupperware Brands currently carries a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
A better-ranked stock in the consumer products industry is WD-40 Company (WDFC), holding a Zacks Rank #2 (Buy).
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