22nd Century Group Inc (XXII) VP Sells $40,936.00 in Stock

22nd Century Group Inc (NYSE:XXII) VP Michael Robert Moynihan sold 20,468 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $2.00, for a total transaction of $40,936.00. Following the sale, the vice president now directly owns 946,752 shares in the company, valued at approximately $1,893,504. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

22nd Century Group Inc (NYSE:XXII) traded down 1.64% on Monday, reaching $1.80. 971,010 shares of the company’s stock were exchanged. 22nd Century Group Inc has a 1-year low of $0.77 and a 1-year high of $2.00. The stock’s market capitalization is $163.61 million. The firm’s 50 day moving average is $1.49 and its 200 day moving average is $1.15.

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Several brokerages have issued reports on XXII. Zacks Investment Research cut shares of 22nd Century Group from a “buy” rating to a “sell” rating in a research note on Wednesday, May 24th. Chardan Capital reiterated a “buy” rating and issued a $3.50 price objective on shares of 22nd Century Group in a research report on Tuesday, March 7th.

An institutional investor recently raised its position in 22nd Century Group stock. National Asset Management Inc. raised its position in shares of 22nd Century Group Inc (NYSE:XXII) by 13.7% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 172,000 shares of the biotechnology company’s stock after buying an additional 20,700 shares during the period. National Asset Management Inc. owned about 0.19% of 22nd Century Group worth $204,000 at the end of the most recent reporting period.

22nd Century Group Company Profile

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