Media coverage about 22nd Century Group (NYSE:XXII) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. 22nd Century Group earned a coverage optimism score of 0.03 on Accern’s scale. Accern also assigned media stories about the biotechnology company an impact score of 46.4393478341119 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s rankings:
- 22nd Century Group Inc. (NYSE American: XXII) Hits A Peak? – Argus Journal (argusjournal.com)
- 22nd Century to Speak at Global Tobacco & Nicotine Forum – Business Wire (press release) (businesswire.com)
- Cannabis Industry Becoming one of the Fastest Growing Sectors With Infusion of Innovative Services and Technology Advancements (bizjournals.com)
- Zacks: 22nd Century Group Inc (XXII) Given $3.50 Consensus Target Price by Brokerages (americanbankingnews.com)
Separately, Zacks Investment Research downgraded shares of 22nd Century Group from a “hold” rating to a “sell” rating in a research report on Tuesday.
22nd Century Group (XXII) traded up 6.29% on Friday, reaching $3.21. 7,935,159 shares of the company’s stock were exchanged. 22nd Century Group has a one year low of $0.81 and a one year high of $3.34. The firm has a 50 day moving average of $2.28 and a 200-day moving average of $1.62. The stock’s market cap is $329.86 million.
In other news, VP Michael Robert Moynihan sold 29,532 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $2.00, for a total transaction of $59,064.00. Following the sale, the vice president now owns 917,220 shares of the company’s stock, valued at $1,834,440. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
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22nd Century Group Company Profile
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