Overall market sentiment has been neutral on Turning Point Brands Inc (TPB) stock lately. TPB receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.
Turning Point Brands Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on TPB!
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With TPB Stock Today?
Turning Point Brands Inc (TPB) stock is trading at $28.24 as of 3:11 PM on Wednesday, May 25, an increase of $1.00, or 3.67% from the previous closing price of $27.24. The stock has traded between $27.00 and $28.60 so far today. Volume today is below average. So far 46,776 shares have traded compared to average volume of 213,916 shares.
More About Turning Point Brands Inc
Turning Point Brands Inc operates as an independent provider of Other Tobacco Products (OTP) in the U.S. It offers a wide range of products across the OTP spectrum including moist snuff tobacco (MST), loose-leaf chewing tobacco, premium cigarette papers, make- your-own (MYO) cigar wraps, cigars, liquid vapor products, and tobacco vaporizer products. It operates in three segments namely Zig-Zag products; Stoker's products and NewGen products. The company generates maximum revenue from the Zig-Zag products segment.
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