Rameen Kasana
2 min read
In This Article:
Turning Point Brands, Inc. (NYSE:TPB) is among the best bear market stocks to buy according to analysts. Graham Purdy, President and CEO of Turning Point Brands, Inc. (NYSE:TPB), sold 21,400 shares worth $1,602,646. This 8.6% reduction in stake means that 227,466 shares of this class are now owned.
Just recently, Brittani Cushman, Senior Vice President and General Counsel at Turning Point Brands, Inc. (NYSE:TPB), also sold 15,000 shares in two days at prices between $74.36 and $75.89 per share. This transaction of approximately $1.13 million comes as a result of healthy returns of nearly 136% in the past year.
A worker athlete with a rolling paper held in hand, smoking from the finished cigar.
These transactions are a part of the ongoing management strategy of the equity holdings in response to the company’s impressive performance in the recent quarter. Turning Point Brands, Inc. (NYSE:TPB) reported strong financial results that not only surpassed revenue estimates but also earnings forecasts.
Turning Point Brands, Inc. (NYSE:TPB) is a Kentucky-based company that produces and distributes branded consumer products across the United States and Canada. Founded in 1988, the company delivers its products to wholesale distributors and retail merchants. With two main segments: Zig-Zag Products and Stoker’s Products, the giant lives by the principles of accountability and integrity.
While we acknowledge the potential of TPB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None.
