PepsiCo Inc. Stock Outperforms Market Despite Losses On The Day

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).

PepsiCo Inc. Stock Outperforms Market Despite Losses On The Day

5:16 pm ET November 14, 2022 (MarketWatch) Print

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

Shares of PepsiCo Inc. (PEP) sank 0.74% to $176.73 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.89% to 3,957.25 and Dow Jones Industrial Average falling 0.63% to 33,536.70. This was the stock's second consecutive day of losses. PepsiCo Inc. closed $6.85 below its 52-week high ($183.58), which the company achieved on November 2nd.

The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Nestle S.A. ADR (NESN.EB) fell 0.44% to $114.29, Coca-Cola Co. (KO) fell 0.96% to $60.73, and Unilever PLC ADR (ULVR.LN) rose 0.61% to $47.45. Trading volume (5.6 M) eclipsed its 50-day average volume of 5.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 14, 2022.

(END) Dow Jones Newswires

November 14, 2022 17:16 ET (22:16 GMT)