Turning Point Brands Inc

TPB has formed a Bearish Exhaustion signal at marginal new lows within a Stage 4 downtrend and is trading at extreme oversold levels against the 9/20 EMAs. Mean-reversion eligibility flips the medium-term bias to bullish, but short-term price remains extended below EMAs without a clear rejection or bounce. Execution is deferred – we will stalk for signs of support hold or a reversal bounce in the 72–75 area before engaging.

• ↑Q2 2026 Modern Oral sales of $68M (+128% YoY) boost segment.
• ↑Raised full-year Modern Oral gross sales guidance to $330–350M.
• ↓Adjusted EBITDA declined 50% YoY to $15M amid heavy brand spending.