22nd Century Group Inc (XXII) stock has gained 18.68% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With XXII Stock Today?
22nd Century Group Inc (XXII) stock is trading at $3.24 as of 9:53 AM on Wednesday, Feb 10, an increase of $0.01, or 0.31% from the previous closing price of $3.23. The stock has traded between $3.24 and $3.40 so far today. Volume today is low. So far 444,655 shares have traded compared to average volume of 2,660,524 shares.
To see the top 5 stocks in the Drug Manufacturers - Specialty & Generic industry click here.
More About 22nd Century Group Inc
22nd Century Group Inc is a US-based plant biotechnology company. It focuses on developing technology which allows the increase or decrease in the level of nicotine and other nicotinic alkaloids in tobacco plants and levels of cannabinoids in cannabis plants through genetic engineering and plant breeding. The company is engaged in the research and development of potentially less harmful or modified risk tobacco products and novel tobacco plant varieties. Other business activities of the company include manufacture, marketing, sales and distribution of RED SUN and MAGIC proprietary cigarettes, contract manufacturing of third-party branded tobacco products, research and development of plant varieties of hemp/cannabis, the sale of branded proprietary tobaccos and among others.
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