Tupperware Brands Stock Surge Tupperware Brands Stock Surge: What’s Behind the Uptick?

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Tupperware Brands Corporation TUP is on the upswing today with a 25% gain over the past five days, driven by momentum from a deadline extension for the company’s turnaround plans. 

What’s Happening:

After filing an amendment with the SEC late Friday, Tupperware Brands now has until Feb. 2 to deliver two quarterly financial reports and its turnaround plan, with an update on turnaround efforts expected by Jan. 19. This news has significantly bolstered the company’s stock today.

With heavy trading volume, over 5.5 million Tupperware shares have already changed hands, well above the stock’s 100-day average volume of 3.95 million shares.

Trading above the 50-day moving average of $1.82 and below its 52-week high of $18.76, Tupperware shares are currently being sold short at 18.76%, adding further fuel to today’s significant movement.

Related News: What’s Going On With Canopy Growth Stock?

TUP Price Action: Presently, Tupperware Brands shares are up 15.4% at $2.36 at the time of publication, according to Benzinga Pro.

Image: Mohamed Hassan from Pixabay

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