Director Sells Shares in Turning Point Brands Inc: Is It a Sign of Concern?

Gregory Baxter, a Director at Turning Point Brands Inc (TPB), recently sold 5,683 shares of the company. Following this sale, Baxter now owns 40,861 shares of TPB. Turning Point Brands Inc specializes in the manufacture and marketing of branded consumer products, including tobacco and related products. Over the past year, Baxter has engaged in several transactions involving TPB stock, selling a total of 7,683 shares. This recent sale, coupled with the broader pattern of insider activity at TPB, may raise concerns for some investors. It is crucial to consider this activity within the broader context of the company’s performance and the overall market conditions.