Turning Point Brands Inc. (TPB) Moves Higher on Volume Spike for August 11

Equities Staff |

Turning Point Brands Inc. (TPB) traded on unusually high volume on Aug. 11, as the stock gained 7.21% to close at $16.96. On the day, Turning Point Brands Inc. saw 39,780 shares trade hands on 353 trades. Considering that the stock averages only a daily volume of 18,950 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $18.05 and $9.46 over the last 52-weeks, its 50-day SMA is now $15.53, and its 200-day SMA $14.52. Turning Point Brands Inc. has a P/B ratio of 8.93. It also has a P/E ratio of 11.3.

Turning Point Brands Inc is engaged in providing tobacco products in the U.S. It sells products including moist snuff, loose leaf chewing tobacco, cigarette papers, make- your-own cigar wraps & cigar smoking tobacco, cigars & tobacco vaporizer products.

Headquartered in Louisville, KY, Turning Point Brands Inc. has 286 employees and is currently under the leadership of CEO Lawrence S. Wexler.

For a complete fundamental analysis analysis of Turning Point Brands Inc., check out Equities.com’s Stock Valuation Analysis report for TPB.

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To get more information on Turning Point Brands Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: TPB’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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