The market has been high on Turning Point Brands Inc (TPB) stock recently. TPB gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
Turning Point Brands Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TPB!
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With TPB Stock Today?
Turning Point Brands Inc (TPB) stock is trading at $21.01 as of 3:02 PM on Friday, Sep 30, an increase of $0.04, or 0.19% from the previous closing price of $20.97. Volume today is below average. So far 123,678 shares have traded compared to average volume of 170,886 shares. The stock has traded between $20.82 and $21.52 so far today.
To see InvestorsObserver's Sentiment Score for Turning Point Brands Inc click here.
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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