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Why Tupperware Stock Is Tumbling Today

Rich Duprey, The Motley Fool
·2-min read
Why Tupperware Stock Is Tumbling Today

Shares of Tupperware Brands (NYSE: TUP) were tumbling 12% in morning trading Monday on no specific news, but it follows a huge run-up last week on earnings and an even larger gain for the year. Tupperware said it has over $501 million in senior notes that are due in June 2021, and management determined that "raises substantial doubt about the Company's ability to continue as a going concern." Late Friday night, a law firm -- where one of the partners is the former attorney general of Louisiana -- announced it was investigating disclosures Tupperware made back in March disclosing potential fraud in its operations, which opened it to a class action lawsuit.

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