Vector Group Ltd. (NYSE:VGR) has tumbled 1.49% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 4.25% in the last four weeks. The stocks have underperformed the S&P 500 by 0.31% during the past week but Vector Group Ltd. (NYSE:VGR) it has outperformed the index in 4 weeks by 3.3%.
Vector Group Ltd. (NYSE:VGR): The stock opened at $22.32 on Friday but the bulls could not build on the opening and the stock topped out at $22.50 for the day. The stock traded down to $21.82 during the day, due to lack of any buying support eventually closed down at $21.84 with a loss of -2.93% for the day. The stock had closed at $22.50 on the previous day. The total traded volume was 2,500,199 shares.
The company shares have dropped -0.34% from its 1 Year high price. On Dec 4, 2015, the shares registered one year high at $25.60 and the one year low was seen on Apr 22, 2016. The 50-Day Moving Average price is $21.47 and the 200 Day Moving Average price is recorded at $22.52.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Lebow Bennett S, director of Vector Group Ltd, had unloaded 100,000 shares at an average price of $22.65 in a transaction dated on March 29, 2016. The total value of the transaction was worth $2,265,000.
Currently the company Insiders own 14% of Vector Group Ltd. shares according to the proxy statements. Institutional Investors own 44.86% of Vector Group Ltd. shares.
Vector Group Ltd. is a holding company engaged in the manufacture and sale of cigarettes in the United States through its Liggett Group LLC (Liggett) and Vector Tobacco Inc. (Vector Tobacco) subsidiaries; the sale of electronic cigarettes (e-cigarettes) in the United States, and the real estate business through its New Valley LLC subsidiary, which is seeking to acquire additional operating companies and real estate properties. The Companys business segments include Tobacco, E-Cigarettes and Real Estate. The Tobacco segment consists of the manufacture and sale of cigarettes. The E-Cigarettes segment includes the operations of the Companys e-cigarette business. The Real Estate segment includes the Companys investments in consolidated and non-consolidated real estate businesses.