Simon Property Group Inc. Stock Rises Friday, Still Underperforms Market

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).

Simon Property Group Inc. Stock Rises Friday, Still Underperforms Market

5:23 pm ET October 28, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Simon Property Group Inc. (SPG) rose 2.42% to $108.96 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 2.46% to 3,901.06 and the Dow Jones Industrial Average rising 2.59% to 32,861.80. This was the stock's second consecutive day of gains. Simon Property Group Inc. closed $62.16 below its 52-week high ($171.12), which the company reached on November 18th.

The stock underperformed when compared to some of its competitors Friday, as Alexandria Real Estate Equities Inc. (ARE) rose 2.55% to $145.72 and Vornado Realty Trust (VNO) rose 2.45% to $23.80. Trading volume (1.5 M) remained 578,481 below its 50-day average volume of 2.0 M.

Data source: Dow Jones Market Data, FactSet. Data compiled October 28, 2022.

(END) Dow Jones Newswires

October 28, 2022 17:23 ET (21:23 GMT)