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Tupperware Brands strength attributed to speculation after Cohen tweet
The Fly

Tupperware Brands strength attributed to speculation after Cohen tweet

Shares of Tupperware Brands (TUP) are up 20c, or 16%, to $1.52, in early trading and sources are pointing to speculation regarding a tweet from investor Ryan Cohen as a possible reason for the early strength. In a tweet last night, Cohen, the entrepreneur and activist investor who founded Chewy (CHWY) and is currently the chairman of GameSto (GME), said: "I just got off the phone with what was once a great American brand. Lots of problems, no accountability for high paid execs and little interest in my help (at no cost). This could get interesting." The tweet is speculated to possibly be a reference to Tupperware Brands, which announced on April 10 that it had engaged financial advisers to "help improve its capital structure and remediate its doubts regarding its ability to continue as a going concern." Reference Link

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