Dow's Nearly 275-point Fall Led By Losses For Shares Of Walt Disney, Chevron

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).

Dow's Nearly 275-point Fall Led By Losses For Shares Of Walt Disney, Chevron

9:45 am ET November 9, 2022 (MarketWatch) Print

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

Shares of Walt Disney and Chevron are trading lower Wednesday morning, sending the Dow Jones Industrial Average into negative territory. The Dow was most recently trading 273 points (0.8%) lower, as shares of Walt Disney (DIS) and Chevron (CVX) have contributed to the blue-chip gauge's intraday decline. Walt Disney's shares have dropped $10.32, or 10.3%, while those of Chevron are off $3.97, or 2.1%, combining for an approximately 94-point drag on the Dow. Intel (INTC), American Express (AXP), and Visa (V) are also contributing significantly to the decline. A $1 move in any of the benchmark's 30 components equates to a 6.59-point swing.

Data source: Dow Jones Market Data, FactSet. Data compiled November 9, 2022.

(END) Dow Jones Newswires

November 09, 2022 09:45 ET (14:45 GMT)