Tupperware Climbs Over 55%, on Pace for Largest Gain Since July

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Tupperware Climbs Over 55%, on Pace for Largest Gain Since July

Dow Jones2023-10-12

Tupperware's stock is on a two-day winning streak after ending Tuesday's session up 28.2%

Tupperware Brands Corp. continued its rally Wednesday, as the company's stock climbed 55.33%, putting it on pace for its highest daily percentage gain since Jul. 27, 2023, when it gained 56.32%.

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

The company's stock has attracted plenty of attention in recent months, despite Tupperware's woes. Back in April, the company issued a going-concern warning, essentially cautioning that it could go bust. Nonetheless, shares of the beleaguered maker of iconic food-storage containers enjoyed a record 434% gain in July on no apparent news.

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