22nd Century Group (XXII) Shares Gap Up to $3.02

Shares of 22nd Century Group Inc (NYSEAMERICAN:XXII) gapped up prior to trading on Wednesday . The stock had previously closed at $3.14, but opened at $3.02. 22nd Century Group shares last traded at $3.07, with a volume of 94659 shares trading hands.

Separately, Zacks Investment Research lowered shares of 22nd Century Group from a “hold” rating to a “sell” rating in a report on Thursday, August 16th.

22nd Century Group (NYSEAMERICAN:XXII) last posted its earnings results on Tuesday, August 7th. The biotechnology company reported ($0.05) earnings per share for the quarter. The firm had revenue of $6.92 million for the quarter. 22nd Century Group had a negative return on equity of 50.30% and a negative net margin of 73.20%.

A number of institutional investors have recently bought and sold shares of XXII. Metropolitan Life Insurance Co. NY bought a new position in shares of 22nd Century Group in the 2nd quarter worth $102,000. Voya Investment Management LLC bought a new position in shares of 22nd Century Group in the 2nd quarter worth $106,000. Verition Fund Management LLC bought a new position in shares of 22nd Century Group in the 1st quarter worth $113,000. MetLife Investment Advisors LLC bought a new position in shares of 22nd Century Group in the 2nd quarter worth $145,000. Finally, Bank of Nova Scotia bought a new position in shares of 22nd Century Group in the 2nd quarter worth $158,000.

22nd Century Group Company Profile (NYSEAMERICAN:XXII)

22nd Century Group, Inc, a plant biotechnology company, provides technology that allows increasing or decreasing the level of nicotine and other nicotinic alkaloids in tobacco plants, and cannabinoids in hemp/cannabis plants through genetic engineering and plant breeding. It offers premium cigarettes under the RED SUN and MAGIC brands; and SPECTRUM, a line of research cigarettes for use in independent clinical studies.

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