The tobacco industry closed the day up 0.7%. Were all decliners today within the tobacco industry with Star Scientific Inc ( CIGX) being today's featured tobacco loser. Star Scientific Inc fell 3 cents (-1%) to $3.09 on light volume. Throughout the day, 1.4 million shares of Star Scientific Inc exchanged hands as compared to its average daily volume of 2.4 million shares. 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). Star Scientific Inc has a market cap of $407.9 million and is part of the consumer goods sector. Shares are up 60% year to date as of the close of trading on Thursday. 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.
Star Scientific (Nasdaq:CIGX) is trading at unusually high volume Friday with 3.9 million shares changing hands. It is currently at four times its average daily volume and trading down 21 cents (-7.1%).