{"id":71855,"date":"2023-10-12T11:53:03","date_gmt":"2023-10-12T15:53:03","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/tupperware-stock-rises-more-than-55-for-its-largest-gain-since-july\/"},"modified":"2023-10-12T11:53:06","modified_gmt":"2023-10-12T15:53:06","slug":"tupperware-stock-rises-more-than-55-for-its-largest-gain-since-july","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=71855","title":{"rendered":"Tupperware stock rises more than 55% for its largest gain since July"},"content":{"rendered":"
\n

Tupperware Brands Corp. continued its rally Wednesday, as the company\u2019s stock climbed 55.3%, for its highest daily percentage gain since July 27, when it gained 56.3%.<\/p>\n

Some 47.88 million Tupperware shares
\n TUP,
\n +3.73%<\/bg-quote>
\n changed hands Wednesday, well above the stock\u2019s 65-day average of 22.3 million shares. The stock is on a two-day winning streak after ending Tuesday\u2019s session up 28.2%.<\/p>\n

\n

Related: <\/strong>Tupperware shares rise more than 12% premarket, continuing rally<\/p>\n

In an SEC filing Tuesday, Tupperware confirmed that it had entered into the fifth amendment to\u00a0a credit agreement. The amendment extends the deadline for delivery of the company\u2019s annual audited financial statements for the fiscal year ending Dec. 31, 2022 from Sept. 16, 2023 to Nov. 1, 2023, among other things.<\/p>\n

The company\u2019s stock has\u00a0attracted plenty of attention\u00a0in recent months, despite Tupperware\u2019s\u00a0woes. Back in April, the company issued a going-concern warning, essentially cautioning that it could go bust. Nonetheless, shares of the\u00a0beleaguered\u00a0maker of iconic food-storage containers enjoyed a record 434% gain in July on no apparent news.<\/p>\n

Related:<\/strong> Tupperware\u2019s stock soars more than 23%, on pace for largest gain since August<\/p>\n

The company\u2019s stock has climbed 229% in the last three months, compared with the S&P 500 index\u2019s
\n SPX
\n decline of 2.1%.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Tupperware Brands Corp. continued its rally Wednesday, as the company\u2019s stock climbed 55.3%, for its highest daily percentage gain since July 27, when it gained 56.3%. Some 47.88 million Tupperware shares TUP, +3.73% changed hands Wednesday, well above the stock\u2019s 65-day average of 22.3 million shares. The stock is on a two-day winning streak after […]<\/p>\n","protected":false},"author":1,"featured_media":43181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-71855","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nTupperware stock rises more than 55% for its largest gain since July | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Tupperware Brands Corp. continued its rally Wednesday, as the company\u2019s stock climbed 55.3%, for its highest daily percentage gain since July 27, when it\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=71855\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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