Shares of Vector Group Ltd. (NYSE:VGR) traded today at $15.30, eclipsing its 52-week high. This new high was reached on below average trading volume as 377,000 shares traded hands, while the average 30-day volume is approximately 894,000 shares.
Over the past year, Vector Group Ltd. has traded in a range of $7.92 to $15.30 and is now at $15.14, 91% above that low.
Vector Group Ltd is a holding company whose subsidiaries–Liggett Group, Vector Tobacco, and New Valley– primarily sell tobacco products and invest in real estate. The Liggett Group and Vector Tobacco subsidiaries sell cigarettes, primarily in the discount segment, in the United States under brand names Eagle 20’s, Pyramid, Grand Prix, Liggett Select, and Eve. New Valley, through its majority ownership in Douglas Elliman Realty, invests in real estate worldwide. It also operates the largest residential brokerage company in the New York City area and has additional operations in South Florida, Beverly Hills, Aspen, and Connecticut. Tobacco accounts for more than half of total company revenue; real estate makes up the remainder.
Vector Group Ltd. (NYSE:VGR) is currently priced 1.0% above its average consensus analyst price target of $14.99.
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