Turning Point Brands appoints new CEO, cuts full-year outlook
Turning Point Brands named a new CEO and cut its full-year outlook; shares fell 13% to $59.13. Altria and Philip Morris International shares also declined.
Turning Point Brands named a new chief executive officer on Monday and lowered its full-year outlook, prompting a selloff in the stock. 13, putting the stock on track for its largest one-day decline since April 21. 4%, while Philip Morris International sto…