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Benzinga

Business

Wayne Duggan

Tupperware Brands, SoFi Technologies Insiders Made Big Stock Purchases Ahead Of Q2 Earnings Beats

SOFI Tupperware Tupperware Brands Anthony Noto Nasdaq NYSE SoFi Technologies Inc

Shares of Tupperware Brands Corporation (NYSE:TUP) gained 36% on Wednesday, while shares of SoFi Technologies Inc (NASDAQ:SOFI) jumped 24% after the two companies reported better-than-expected second-quarter earnings numbers. The big quarters provided investors with some much-needed relief after extended periods of underperformance for both Tupperware and SoFi, but recent insider purchases in both stocks suggest the strong performance wasn't necessarily a surprise for the two companies' management teams.

Tupperware reported second-quarter adjusted EPS of 41 cents on revenue of $340.4 million, Both numbers exceeded consensus analyst estimates of 25 cents and $330.2 million, respectively. Revenue was down 18% from a year ago.

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