Veytics Intelligence
2026-09-21 · NASDAQ

Why Turning Point Brands Stock Dived by 10% Today

Key Points His post will be filled by the tobacco company's current executive chairman. The change takes effect next week. 10 stocks we like better than Turning Point Brands › An unexpected change in leadership and a cut in the top end of a guidance item were the two key negative factors driving Turning Point Brands (NYSE: TPB) stock down on Monday. Investors aggressively sold the niche tobacco company's equity, leaving it with a 10% decline at the end of the day. Turning to a new chief Turning Point, the company behind the chewing tobacco brand Beech-Nut and Zig-Zag rolling papers, announced that CEO Graham Purdy is vacating his position. He is to be succeeded by David Glazek, the current executive chairman of the company's board of directors.

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