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Understanding the Risks of Investing in 22nd Century Group Inc (XXII)

22nd Century Group Inc’s recent filing unveils that its Chief Executive Officer FIRESTONE LAWRENCE acquired Company’s shares for reported $10468.0 on Sep 12 ’24. In the deal valued at $0.27 per share,39,000 shares were bought. As a result of this transaction, FIRESTONE LAWRENCE now holds 54,250 shares worth roughly $17360.0.

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Then, FIRESTONE LAWRENCE bought 9,000 shares, generating $9,829 in total proceeds. Upon buying the shares at $1.09, the Chief Executive Officer now owns 15,250 shares.

Before that, Arno Andrew bought 100,000 shares. 22nd Century Group Inc shares valued at $17,490 were divested by the Director at a price of $0.17 per share. As a result of the transaction, Arno Andrew now holds 100,000 shares, worth roughly $32000.0.

Alliance Global Partners initiated its 22nd Century Group Inc [XXII] rating to a Buy in a research note published on July 21, 2022; the price target was $5. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who began to cover the stock in mid June with a ‘”a Buy”‘ rating. ROTH Capital began covering XXII with “Buy” recommendation on March 08, 2022. Cowen started covering the stock on July 23, 2021. It rated XXII as “an Outperform”.

Price Performance Review of XXII

On Monday, 22nd Century Group Inc [NASDAQ:XXII] saw its stock fall -6.49% to $0.32. Over the last five days, the stock has lost -2.71%. 22nd Century Group Inc shares have fallen nearly -89.26% since the year began. Nevertheless, the stocks have fallen -98.48% over the past one year. While a 52-week high of $22.40 was reached on 04/05/24, a 52-week low of $0.26 was recorded on 09/06/24. SMA at 50 days reached $0.5852, while 200 days put it at $1.7351.

Levels Of Support And Resistance For XXII Stock

The 24-hour chart illustrates a support level at 0.2933, which if violated will result in even more drops to 0.2665. On the upside, there is a resistance level at 0.3484. A further resistance level may holdings at 0.3767. The Relative Strength Index (RSI) on the 14-day chart is 36.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0102, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.31%. Stochastics %K at 20.06% indicates the stock is a holding.

How much short interest is there in 22nd Century Group Inc?

A steep rise in short interest was recorded in 22nd Century Group Inc stocks on 2024-08-30, growing by 0.1 million shares to a total of 0.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 0.1 million shares. There was a rise of 49.72%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on October 16, 2017 when Chardan Capital Markets resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $11.50.

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