Why Tupperware Stock Continues Its March Higher
Shares of Tupperware Brands (NYSE: TUP) were rising again on Thursday after shooting up on Wednesday. The stock went up yesterday thanks to its earnings release for the third quarter of 2020. But today the stock is likely going up because an analyst raised its price target. As of 1:30 p.m. EDT on Thursday, Tupperware stock was up 13%.
Tupperware released its earnings report yesterday, but its Form 10-Q (the official quarterly report) wasn't filed with the Securities and Exchange Commission until today. However, that's not a compelling explanation for today's move. A 10-Q filing doesn't materially differ from an official press release, though some interesting details can be teased out. But there's not likely anything in the 62-page filing to cause the stock to rise 13% today.
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Source Fool.com
