In a filing, Turning Point Brands Inc revealed its Director Baxter Gregory H.A. unloaded Company’s shares for reported $0.22 million on Aug 23 ’24. In the deal valued at $39.59 per share,5,683 shares were sold. As a result of this transaction, Baxter Gregory H.A. now holds 40,861 shares worth roughly $1.62 million.
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Then, Baxter Gregory H.A. sold 2,000 shares, generating $78,840 in total proceeds. Upon selling the shares at $39.42, the Director now owns 46,544 shares.
Before that, De Plano Lorenzo bought 4,000 shares. Turning Point Brands Inc shares valued at $127,200 were divested by the Chief Strategy Officer at a price of $31.80 per share. As a result of the transaction, De Plano Lorenzo now holds 34,896 shares, worth roughly $1.38 million.
The Benchmark Company initiated its Turning Point Brands Inc [TPB] rating to a Buy in a research note published on June 06, 2023; the price target was $28. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in early October from “an Overweight” to “an Equal weight”. B. Riley Securities also remained covering TPB and reiterated its “Buy” recommendation on October 28, 2020. Barclays started covering the stock on October 05, 2020. It rated TPB as “an Overweight”.
Price Performance Review of TPB
On Friday, Turning Point Brands Inc [NYSE:TPB] saw its stock fall -0.15% to $39.64. Over the last five days, the stock has gained 1.12%. Turning Point Brands Inc shares have risen nearly 50.61% since the year began. Nevertheless, the stocks have risen 59.13% over the past one year. While a 52-week high of $40.66 was reached on 08/20/24, a 52-week low of $19.67 was recorded on 02/13/24. SMA at 50 days reached $36.57, while 200 days put it at $29.54.
Levels Of Support And Resistance For TPB Stock
The 24-hour chart illustrates a support level at 39.04, which if violated will result in even more drops to 38.45. On the upside, there is a resistance level at 40.20. A further resistance level may holdings at 40.77. The Relative Strength Index (RSI) on the 14-day chart is 63.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.51%. Stochastics %K at 73.07% indicates the stock is a holding.
How much short interest is there in Turning Point Brands Inc?
A steep rise in short interest was recorded in Turning Point Brands Inc stocks on 2024-08-15, dropping by 39013.0 shares to a total of 0.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.27 million shares. There was a decline of -16.81%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 08, 2020 when Craig Hallum began covering the stock and recommended ‘”a Buy”‘ rating along with a $40 price target.
