Where Will 22nd Century Group Inc (XXII) Stock Go Next After It Is Lower By 25.81% in a Week?

The market has been down on 22nd Century Group Inc (XXII) stock recently. XXII gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

22nd Century Group Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on XXII!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With XXII Stock Today?

22nd Century Group Inc (XXII) stock is unchanged -0.84% while the S&P 500 is down -0.04% as of 12:05 PM on Friday, Nov 24. XXII is unchanged $0.00 from the previous closing price of $0.23 on volume of 293,349 shares. Over the past year the S&P 500 is up 13.10% while XXII is down -98.71%. XXII lost -$8.18 per share in the over the last 12 months.

More About 22nd Century Group Inc

22nd Century Group Inc is a US-based plant biotechnology company. It focuses on developing technology that 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 SPECTRUM and VLN 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. Click Here to get the full Stock Report for 22nd Century Group Inc stock.