Turning Point Brands, Inc. TPB was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $23.59 to $26.51 in the past one-month time frame.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Turning Point Brands. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Turning Point Brands currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is positive.
Turning Point Brands, Inc. Price
Turning Point Brands, Inc. price | Turning Point Brands, Inc. Quote
Another stock worth considering in the Tobacco industry is Japan Tobacco Inc. JAPAY which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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