Shares of Star Scientific CIGX are up another 21% on Friday to $2.85 with all of the gains coming in the last hour. Some investors believe that this tobacco company may have come across significant new research which could be used to cure Alzheimer's disease. In the last 5 trading sessions alone, CIGX shares have surged 58%, and call volume has been very heavy. CIGX is up 105% over the last 52-weeks.
Star Scientific, Inc. (Star Scientific) is engaged in the development of very low-tobacco-specific nitrosamines (TSNA), non-fermented smokeless tobacco products.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.