Somewhat Favorable Press Coverage Somewhat Unlikely to Affect 22nd Century Group (XXII) Share Price

Media headlines about 22nd Century Group (NYSE:XXII) have been trending somewhat positive on Wednesday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. 22nd Century Group earned a news impact score of 0.10 on Accern’s scale. Accern also assigned news stories about the biotechnology company an impact score of 46.3029189333367 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:

Shares of 22nd Century Group (XXII) opened at 2.68 on Wednesday. 22nd Century Group has a 1-year low of $0.81 and a 1-year high of $2.84. The firm has a 50-day moving average of $2.10 and a 200 day moving average of $1.57. The stock’s market capitalization is $275.40 million.

Separately, Zacks Investment Research upgraded shares of 22nd Century Group from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a research note on Saturday, August 26th.

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In other 22nd Century Group news, VP Michael Robert Moynihan sold 29,532 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $2.00, for a total value of $59,064.00. Following the completion of the transaction, the vice president now directly owns 917,220 shares in the company, valued at $1,834,440. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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