Raytheon Technologies Corp. Stock Underperforms Monday When Compared To Competitors

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).

Raytheon Technologies Corp. Stock Underperforms Monday When Compared To Competitors

5:34 pm ET December 5, 2022 (MarketWatch) Print

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

Shares of Raytheon Technologies Corp. (RTX) sank 0.33% to $100.68 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.79% to 3,998.84 and Dow Jones Industrial Average falling 1.40% to 33,947.10. The stock's fall snapped a four-day winning streak. Raytheon Technologies Corp. closed $5.34 short of its 52-week high ($106.02), which the company reached on April 21st.

The stock underperformed when compared to some of its competitors Monday, as Boeing Co. (BA) rose 1.22% to $185.10. Trading volume (4.5 M) remained 310,818 below its 50-day average volume of 4.8 M.

Data source: Dow Jones Market Data, FactSet. Data compiled December 5, 2022.

(END) Dow Jones Newswires

December 05, 2022 17:34 ET (22:34 GMT)