22nd Century Group Inc (XXII) : Traders are bullish on 22nd Century Group Inc (XXII) as it has outperformed the S&P 500 by a wide margin of 10.52% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.36%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.41% in the last 1 week, and is up 11.66% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 10.14% and the 50-Day Moving Average is 14.34%. 22nd Century Group Inc (NYSEMKT:XXII): stock turned positive on Friday. Though the stock opened at $0.947, the bulls momentum made the stock top out at $1 level for the day. The stock recorded a low of $0.9133 and closed the trading day at $0.9653, in the green by 2.68%. The total traded volume for the day was 501,365. The stock had closed at $0.9401 in the previous days trading.
The company Insiders own 11.8% of 22nd Century Group Inc shares according to the proxy statements. Institutional Investors own 4.53% of 22nd Century Group Inc shares. During last six month period, the net percent change held by insiders has seen a change of 5%.
22nd Century Group, Inc. is a plant biotechnology company specializing in technology that allows for the level of nicotine and other nicotinic alkaloids in tobacco plants to be decreased or increased through genetic engineering and plant breeding. The Company is focused on tobacco harm reduction and smoking cessation products produced from modifying the nicotine content in tobacco plants through genetic engineering and plant breeding. It owns and controls around 128 issued patents and an additional 52 pending patent applications. The Companys owned or licensed patents are issued in around 96 countries. The Company focuses on licensing, manufacturing and selling its tobacco products. Its products include RED SUN and MAGIC Cigarettes, SPECTRUM Government Research Cigarettes, BRAND A and BRAND B, and X-22 Smoking Cessation Aid. The Company manufactures filtered cigar and cigarette brands of third-parties at its manufacturing facility in North Carolina.