22nd Century Group Inc
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Consumer Staples : Tobacco | Small Cap Growth
Company profile

22nd Century Group, Inc. is an agricultural biotechnology and intellectual property company. The Company is focused on tobacco harm reduction, reduced nicotine tobacco and improving health and wellness through plant science. In tobacco, hemp/cannabis, and hop plants, it uses various plant breeding technologies, including genetic engineering, gene-editing, and molecular breeding to deliver solutions for the life science and consumer products industries by creating new plants with optimized alkaloid and flavonoid profiles, as well as improved yields and valuable agronomic traits. It has developed very low nicotine content (VLNC) tobacco and cigarettes, which contain 95% less nicotine than conventional tobacco and cigarettes. Its reduced nicotine cigarettes include VLN King and VLN Menthol King. In hemp, the Company is developing hemp varieties with increased levels of certain cannabinoids and other desirable agronomic traits. The Company has an interest in RX Pharmatech Ltd (RXP).

Closing Price
Day's Change
-0.03 (-2.75%)
B/A Size
Day's High
Day's Low

10-day average volume:

Zillow stock gains after Jefferies says company has 'attractive setup into 2023'

12:58 pm ET September 8, 2022 (MarketWatch)

Shares of Zillow Group Inc. were headed nearly 6% higher in Thursday afternoon trading. Jefferies analyst John Colantuoni reiterated his bullish view of the online real-estate company earlier Thursday, writing that he saw "upside potential" for the third quarter based on housing data. He remains upbeat about Zillow's long-term story given the company's investments in areas like touring, financing, and seller services, as well as a partnership with Opendoor. "We also believe Z's dominant share of [real-estate] traffic provides various pathways to above-market growth," Colantuoni wrote. "While macro concerns could keep the stock rangebound [near term], we see an attractive setup into 2023 stemming from near-trough valuation, a 7% FCF [free-cash-flow] yield, and potential improvement in housing data." Zillow shares have declined 42% so far this year as the S&P 500 has lost 17%.

-Emily Bary


(END) Dow Jones Newswires

September 08, 2022 12:58 ET (16:58 GMT)

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