Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 22nd Century Group Inc shares valued at $17,490 were purchased by Arno Andrew on Jan 05 ’24. At $0.17 per share, Arno Andrew acquired 100,000 shares. The insider’s holdings grew to 100,000 shares worth approximately $0.18 million following the completion of this transaction.
Also, FIRESTONE LAWRENCE purchased 100,000 shares, netting a total of over 17,360 in proceeds. Following the buying of shares at $0.17 each, the insider now holds 100,000 shares.
As published in their initiating research note from Alliance Global Partners on July 21, 2022, 22nd Century Group Inc [XXII] has been a Buy and the price target has been revised to $5. Analysts at Craig Hallum started covering the stock with ‘”a Buy”‘ outlook in a report released in mid June. As of March 08, 2022, ROTH Capital has initiated its “Buy” rating for XXII. Earlier on July 23, 2021, Cowen initiated its rating. Their recommendation was “an Outperform” for XXII stock.
Analyzing XXII Stock Performance
During the last five days, there has been a surge of approximately 12.88%. Over the course of the year, 22nd Century Group Inc shares have dropped approximately -38.24%. Shares of the company reached a 52-week high of $4.3100 on 04/05/24 and a 52-week low of $1.4500 on 04/04/24. A 50-day SMA is recorded $2.1055, while a 200-day SMA reached $12.7680. Nevertheless, trading volume fell to 1.0 million shares from 0.19 million shares the previous day.
Support And Resistance Levels for 22nd Century Group Inc (XXII)
According to the 24-hour chart, there is a support level at 1.6900, which, if violated, would cause prices to drop to 1.5400. In the upper region, resistance lies at 1.9700. The next price resistance is at 2.1000. RSI (Relative Strength Index) is 48.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1279, which suggests the price will decrease in the coming days. Percent R is at 87.90%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
