Markets

Turning Point Brands (TPB) Catches Eye: Stock Jumps 7.6%

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. 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.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>


Click to get this free report

Turning Point Brands, Inc. (TPB): Free Stock Analysis Report

JAPAN TOB INC (JAPAY): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More