Today's chart of the day compares 22nd Century Group Inc. (NYSE:XXII) with its peers in the tobacco industry. Earlier this morning, 22nd Century released an overview of the company's game changing technology regarding nicotine reduction in cigarettes. According to this release, the "FDA plan to reduce nicotine in cigarettes to non-addictive levels “could save more lives than any other act of a governmental agency in all of human history.”
Whether or not that last statement is true, 22nd Century's innovations in the tobacco space coupled with the company's innovations in the industrial hemp space pushed it far above its tobacco industry peers. As you can see in the comparison chart below, shares of XXII are up over 94% on a year-to-date basis. Meanwhile, shares of Philip Morris International (NYSE:PM) are only up 26.31% so far this year.
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