Altria Group Inc. Stock Outperforms Competitors On Strong Trading 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).

Altria Group Inc. Stock Outperforms Competitors On Strong Trading Day

5:19 pm ET November 29, 2022 (MarketWatch) Print

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

Shares of Altria Group Inc. (MO) advanced 1.48% to $45.82 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.01% to 33,852.53 and the S&P 500 Index falling 0.16% to 3,957.63. This was the stock's second consecutive day of gains. Altria Group Inc. closed $11.23 below its 52-week high ($57.05), which the company reached on April 21st.

The stock outperformed some of its competitors Tuesday, as Philip Morris International Inc. (PM) rose 0.16% to $97.79. Trading volume (6.8 M) remained 1.8 million below its 50-day average volume of 8.6 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 29, 2022.

(END) Dow Jones Newswires

November 29, 2022 17:19 ET (22:19 GMT)