Why Turning Point Brands Stock Was Sliding This Week
Turning Point Brands (NYSE: TPB) is surely ready to head into the weekend. That's because the trailing few trading days weren't kind to the tobacco company's stock. On the back of a surprise resignation, an unwelcome change to annual profitability guidance, and a deep price target cut from an analyst, investors bailed out of its shares. They were down by almost 12% week to date as of early Friday morning, according to data compiled by S&P Global Market Intelligence . Image source: Getty Images. Continue reading