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Taking a look at what insiders are doing to gauge the 22nd Century Group Inc (XXII)’s direction


The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 22nd Century Group Inc shares valued at $9,829 were purchased by FIRESTONE LAWRENCE on May 30 ’24. At $1.09 per share, FIRESTONE LAWRENCE acquired 9,000 shares. The insider’s holdings grew to 15,250 shares worth approximately $10827.5 following the completion of this transaction.

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Also, Arno Andrew purchased 100,000 shares, netting a total of over 17,490 in proceeds. Following the buying of shares at $0.17 each, the insider now holds 100,000 shares.

Before that, FIRESTONE LAWRENCE had added 100,000 shares to its account. In a trade valued at $17,360, the Chief Executive Officer bought 22nd Century Group Inc shares for $0.17 each. Upon closing the transaction, the insider’s holdings increased to 100,000 shares, worth approximately $71000.0.

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 1.71%. Over the course of the year, 22nd Century Group Inc shares have dropped approximately -76.00%. Shares of the company reached a 52-week high of $4.3100 on 04/05/24 and a 52-week low of $0.5802 on 06/24/24. A 50-day SMA is recorded $1.1611, while a 200-day SMA reached $3.9859. Nevertheless, trading volume fell to 56210.0 shares from 0.12 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 0.6948, which, if violated, would cause prices to drop to 0.6751. In the upper region, resistance lies at 0.7421. The next price resistance is at 0.7697. RSI (Relative Strength Index) is 38.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0202, which suggests the price will decrease in the coming days. Percent R is at 70.79%, indicating bearish price movement. Stochastics%K at holding indicates that the stock is to be held.

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