22nd Century Group Inc (OTCBB:XXII) Heading For New Heights
Things seem to be going good (price-wise) for the stock of 22nd Century Group Inc (OTCBB:XXII) lately as they are climbing up the charts with higher and higher percentile movements.
It seems that the start of the new month is going good for XXII as their stock started to move up the charts vigorously. After last months lack of movement in their stock price it seems that it has started to go up for no apparent reason. XXII‘s stock registered percentile movements of below 3% in all of their trade sessions last month except for 1 in which they jumped 15% up with most of the days ending with a 0% movement in price.
This month started otherwise. In the July 1 trade session their stock jumped its first 7% for the month as it went from $0.72 to $0.76 on a below average volume of 254 thousand shares that switched hands making the total trade value for the day come at $188 thousand.
This comes as a bit of a shocker as there were no press releases, no filings and especially no pumps, at least through our usual channels. The possibility of a hard mailer pump still remains, but unfortunately we don’t have any information of that happening and neither were we able to find any clues supporting this claim.
Yesterday’s trade session also went well for XXII as they registered a further gain of 11% and moved up the charts reaching a price of $0.88. The volume was below average again, with numbers close to the previous session’s as they closed the day with a total of 271 traded shares at a trade value of $188 thousand.
Being the suspicious minds that we are the thought of other shady methods of artificially inflating XXII‘s price come to thought. Could insiders trade shares in higher and higher prices between them with a pre-made budget in order to drive the price of XXII up and dump the shares afterwards making a bigger profit? That’s just a possibility which might actually come true and we might be heading for the first pump of 22nd Century Group.
Today the company’s stock is still going up as it is already 3.53% higher in the charts and is trading at $0.88 in a short period after the open. Today’s session will be a shorter one so anything can happen, but we presume that trading will be at a low. What will happen to the stock next? That’s a hard question, but be sure to do your due diligence, weigh out all the risks and expect the unexpected.
Another company on the rise is Virtual Piggy, Inc. (OTCBB:VPIG), who have been climbing up the charts in the last 5 trade sessions and are currently being traded at $2.58. Probably the biggest winner of yesterday’s trade session was Solar Energy Initiatives Inc (OTCMKTS:SNRY) who gained 44%, but are dropping in today’s session and are currently being traded at $0.0012 per share.
