5 Best Tobacco and Cigarette Stocks To Buy

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In this article, we discuss 5 best tobacco and cigarette stocks to buy. If you want to read our discussion on the tobacco industry, head over to 11 Best Tobacco and Cigarette Stocks To Buy

5. RLX Technology Inc. (NYSE:RLX)

Number of Hedge Fund Holders: 17

RLX Technology Inc. (NYSE:RLX) produces, distributes, and markets e-vapor products in China. The company was established in 2018 and is headquartered in Beijing, China. RLX Technology Inc. (NYSE:RLX) is one of the top tobacco stocks to monitor. On August 18, the company reported a Q2 non-GAAP EPS of $0.01 and a revenue of $52.1 million. As of June 30, 2023, the company held a total of $2,177.1 million in cash, investments, and deposits. 

According to Insider Monkey’s second quarter database, 17 hedge funds were bullish on RLX Technology Inc. (NYSE:RLX), same as the prior quarter. Leonard A. Potter’s Wildcat Capital Management is the leading stakeholder of the company, with 18 million shares worth $32 million. 

Follow Rlx Technology Inc.

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