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Tupperware dives 20%

Published 01/30/2019, 09:13 AM
Updated 01/30/2019, 09:13 AM
© Reuters.  Tupperware dives 20%
  • Selling pressure on Tupperware Brands (NYSE:TUP) has picked up in the early session as investors latch on to the company's below-consensus guidance and eye-raising dividend rate slash ($0.27/share from $0.68/share).
  • Shares of Tupperware are down 20.04% premarket to $30.50 and the 52-week low of $29.82 looks to be in jeopardy of being breached. Tupperware had run up a 18% gain in the few weeeks before earnings hit this morning.
  • Previously: Tupperware declares $0.27 dividend (Jan. 30)
  • Previously: Tupperware falls after weak guidance, dividend cut (Jan. 30)
  • Now read: Michaels expects Q4 results near low end of guidance


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