Tupperware Brands (NYSE:TUP) Stock Price Passes Above Two Hundred Day Moving Average of $1.60

Tupperware Brands Co. (NYSE:TUP)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.60 and traded as high as $2.03. Tupperware Brands shares last traded at $1.86, with a volume of 1,841,013 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Tupperware Brands in a report on Thursday, April 4th. They issued a “hold” rating for the company.

Tupperware Brands Price Performance

The business’s 50-day moving average price is $1.35 and its 200 day moving average price is $1.60.

Institutional Trading of Tupperware Brands

Several institutional investors and hedge funds have recently bought and sold shares of TUP. Bank of New York Mellon Corp increased its holdings in shares of Tupperware Brands by 96.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 110,184 shares of the company’s stock worth $154,000 after acquiring an additional 54,025 shares during the last quarter. Metis Global Partners LLC bought a new position in shares of Tupperware Brands in the third quarter valued at about $33,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Tupperware Brands by 15.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,845,837 shares of the company’s stock worth $5,384,000 after buying an additional 515,074 shares during the last quarter. Pacifica Partners Inc. bought a new stake in shares of Tupperware Brands during the 4th quarter worth about $26,000. Finally, Larson Financial Group LLC acquired a new position in Tupperware Brands in the 4th quarter valued at about $161,000. Institutional investors own 25.06% of the company’s stock.

About Tupperware Brands

Tupperware Brands Corporation operates as a consumer products company in the Asia Pacific, Europe, Africa, the Middle East, North America, and South America. The company manufactures, markets, and sells design-centric preparation, storage, and serving solutions for the kitchen and home under the Tupperware brand name, as well as a line of cookware, knives, microwave products, microfiber textiles, water-filtration related items, and an array of products for on-the-go consumers under the Tupperware brand name.