Star Scientific Stock Falls On Unusually High Volume (CIGX)

NEW YORK ( TheStreet) -- Star Scientific (Nasdaq: CIGX) is trading at unusually high volume Friday with 10.7 million shares changing hands. It is currently at 4.2 times its average daily volume and trading down $1.28 (-42.7%) at $1.72 as of 12:21 p.m. ET.

Star Scientific has a market cap of $420 million and is part of the consumer goods sector and tobacco industry. Shares are up 53.8% year to date as of the close of trading on Thursday.

Star Scientific, Inc., together with its subsidiaries, engages in the development, implementation, and licensing of tobacco curing technology that prevents the formation of carcinogenic toxins present in tobacco and tobacco smoke, primarily the tobacco-specific nitrosamines (TSNA).

TheStreet Ratings rates Star Scientific as a sell. The area that we feel has been the company's primary weakness has been its declining revenues. You can view the full Star Scientific Ratings Report.

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