22nd Century Group Inc (XXII): This fantastical Nasdaq Closing Cross th...

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22nd Century Group Inc (XXII)

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commoncentsinvestor

Re: Ryboi post# 13132

Saturday, 06/28/2014 12:53:13 AM

Saturday, June 28, 2014 12:53:13 AM

This fantastical Nasdaq Closing Cross thingy seems to be just a method that results in the institutions being able to buy stocks being added to the Russell at substantially lower prices than what they were selling for at the end of the day, and to sell stocks being dropped by Russell for higher prices than what they were selling for.

Just another way of trying to screw the "little guy".

Two examples:

MITK (being deleted from Russell) went from $3.23 to $3.54

and of course

XXII (being added to Russell) went from $3.74 to $3.42.

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Recent XXII News

Form 8-K - Current report • Edgar (US Regulatory) • 06/04/2024 09:00:16 PM
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Form 8-K - Current report • Edgar (US Regulatory) • 05/10/2024 09:22:05 PM
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Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/14/2024 09:10:59 PM
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Form 8-K - Current report • Edgar (US Regulatory) • 01/25/2024 01:30:13 PM
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Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/09/2024 01:04:11 AM
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