22nd Century Group, Inc. XXII was a big mover last session, as its shares rose over 12% on the day. The move came after the company announced that its research collaboration with North Carolina State University has yielded several new Very Low Nicotine (VLN) tobacco varieties that contain no foreign DNA and no trace of genetic modification. The new Very Low Nicotine varieties are ideally suited for use in the company’s X-22 smoking cessation product in development and will also form the basis of other unique 22nd Century VLN products. This also led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 40% in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
22nd Century Group currently carries a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.
22nd Century Group, Inc Price
22nd Century Group, Inc Price | 22nd Century Group, Inc Quote
A better-ranked stock in the Tobacco space is ITC Ltd. ITCTY, carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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