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Should You Buy Turning Point Brands Inc (TPB) Stock on Wednesday?

Wednesday, December 01, 2021 02:59 PM | InvestorsObserver Analysts

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Should You Buy Turning Point Brands Inc (TPB) Stock on Wednesday?

Overall market sentiment has been high on Turning Point Brands Inc (TPB) stock lately. TPB receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
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?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 lower by -0.45% while the S&P 500 has risen 0.35% as of 2:56 PM on Wednesday, Dec 1. TPB has fallen -$0.17 from the previous closing price of $38.06 on volume of 190,535 shares. Over the past year the S&P 500 is up 26.55% while TPB has fallen -2.90%. TPB earned $2.60 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 14.55.

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 Smokeless products; Smoking products and NewGen products. Its portfolio of brands in the OTP industry includes Stoker's in the Smokeless segment, Zig-Zag in the Smoking segment, and VaporBeast and VaporFi in the NewGen segment. Click Here to get the full Stock Report for Turning Point Brands Inc stock.

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