Company Overview: Vector Group Ltd. is a holding company for Liggett Group LLC, Vector Tobacco Inc., and New Valley LLC. The Company operates through two segments: Tobacco and Real Estate.

As per our previous US Inflation report published on VGR on 23^rd December 2022, Kalkine provided a ‘Buy’ stance on the stock at USD 11.41 based on “recorded revenue reported in Tobacco segment backed by strong volume growth, increased free cash flows, upside indicated by valuation and key risks associated’, and the stock price has now moved by ~13.50% since then and the stock has now moved above R1 mentioned in the report. 

Noted below are the details of support and resistance levels provided in our previous report:

VGR’s Daily Chart

After a decent rally in the VGR’s stock since September 2022, stock has now charted into an overbought territory, as the leading momentum indicator 14-day RSI is hovering above 70, indicates a potential pullback in the stock from current trading level. Further, on daily price chart VGR shares have moved above upper band of the Bollinger Band©. Hence, based on the technical indicators which are indicating a potential correction in the stock from current trading level, a ‘Sell’ rating is assigned to “VGR” stock at the closing market price of USD 12.95 (as of 31^st January 2023). 

Note: This report may be updated with details around fundamental and technical analysis, price/ chart in due course, as appropriate

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 31^st January 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level that the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’