Yesterday, a Director at Vector Group (VGR), Bennett Lebow, sold shares of VGR for $5.53M.
Following Bennett Lebow’s last VGR Sell transaction on June 18, 2013, the stock climbed by 2.9%. This is Lebow’s first Sell trade following 3 Buy transactions.
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Based on Vector Group’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $514 million and quarterly net profit of $10.28 million. In comparison, last year the company earned revenue of $485 million and had a net profit of $17.77 million. VGR’s market cap is $1.92B and the company has a P/E ratio of 28.12. Currently, Vector Group has an average volume of 2.04M.
The insider sentiment on Vector Group has been negative according to 13 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Vector Group Ltd. operates as a holding company, which manufactures and sells tobacco products. It operates through the following segments: Tobacco, E-Cigarettes and Real Estate. The Tobacco segment consists of the manufacture and sale of cigarettes. The E-Cigarettes segment includes the operations of the company’s e-cigarette business.
