The huge drop we saw in most markets earlier this week triggered a large number of insider purchases and it was interesting to watch both the S&P 500 and the Nasdaq close in positive territory for the week.
Vector Group (NYSE:VGR) reported quarterly earnings of $0.26 per share which missed the analyst consensus estimate of $0.43 by 39.53 percent. This is a 23.81 percent increase over earnings of $0.21 per share from the
Vector Group (NYSE:VGR) reported its Q4 earnings results on Tuesday, March 1, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Vector Group missed estimated earnings by 39.53%, reporting an EPS of $0.26 versus an estimate of $0.43.
What Defines a Value Stock?
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
Gainers
Kiora Pharmaceuticals, Inc. (NASDAQ: KPRX) shares surged 93.2% to close at $1.70 on Thursday. Kiora Pharmaceuticals recently appointed David Hollander, MD, MBA, to its Board of Directors.
Toward the end of Thursday, the Dow traded up 0.08% to 36,517.50 while the NASDAQ rose 0.46% to 15,838.04. The S&P also rose, gaining 0.12% to 4,798.69.
Gainers
Kiora Pharmaceuticals, Inc. (NASDAQ: KPRX) jumped 52.3% to $1.3396. Kiora Pharmaceuticals recently appointed David Hollander, MD, MBA, to its Board of Directors.
Midway through trading Thursday, the Dow traded up 0.04% to 36,504.54 while the NASDAQ rose 0.59% to 15,859.87. The S&P also rose, gaining 0.14% to 4,799.86.