In a filing, Lifeway Foods, Inc. revealed its Director SIKAR POL unloaded Company’s shares for reported $0.17 million on Mar 28 ’24. In the deal valued at $17.19 per share,10,000 shares were sold. As a result of this transaction, SIKAR POL now holds 23,707 shares worth roughly $0.51 million.
Then, Hanson Eric A sold 20,000 shares, generating $383,000 in total proceeds. Upon selling the shares at $19.15, the CFO now owns 32,297 shares.
Before that, SMOLYANSKY LUDMILA sold 7,000 shares. Lifeway Foods, Inc. shares valued at $133,280 were divested by the Member of 10% owner group at a price of $19.04 per share. As a result of the transaction, SMOLYANSKY LUDMILA now holds 1,327,534 shares, worth roughly $28.4 million.
Lake Street initiated its Lifeway Foods, Inc. [LWAY] rating to a Buy in a research note published on April 05, 2024; the price target was $25. A number of analysts have revised their coverage, including Noble Capital Markets’s analysts, who decreased its forecast for the stock in late March from “an Outperform” to “a Market perform”. Noble Capital Markets also remained covering LWAY and has increased its forecast on February 26, 2024 with a “an Outperform” recommendation from previously “Market perform” rating. Noble Capital Markets revised its rating on November 27, 2023. It rated LWAY as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of LWAY
On Tuesday, Lifeway Foods, Inc. [NASDAQ:LWAY] saw its stock jump 6.15% to $21.39. Over the last five days, the stock has gained 15.31%. Lifeway Foods, Inc. shares have risen nearly 59.51% since the year began. Nevertheless, the stocks have risen 251.23% over the past one year. While a 52-week high of $20.76 was reached on 04/09/24, a 52-week low of $5.61 was recorded on 02/23/24. SMA at 50 days reached $13.42, while 200 days put it at $11.51. A total of 0.59 million shares were traded, compared to the trading of 79000.0 shares in the previous session.
Levels Of Support And Resistance For LWAY Stock
The 24-hour chart illustrates a support level at 19.70, which if violated will result in even more drops to 18.02. On the upside, there is a resistance level at 23.19. A further resistance level may holdings at 25.00. The Relative Strength Index (RSI) on the 14-day chart is 74.05, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.43, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.76%. Stochastics %K at 91.83% indicates the stock is a selling.
How much short interest is there in Lifeway Foods, Inc.?
A steep rise in short interest was recorded in Lifeway Foods, Inc. stocks on Mar 15, 2024, dropping by 39130.0 shares to a total of 0.13 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.17 million shares. There was a decline of -29.39%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.97% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.91.
