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Lifeway Foods, Inc. (LWAY) rating initates by Lake Street

Lifeway Foods, Inc.’s filing revealed that its Member of 10% owner group SMOLYANSKY LUDMILA unloaded Company’s shares for reported $0.46 million on Apr 26 ’24. In the deal valued at $23.02 per share,20,000 shares were sold. As a result of this transaction, SMOLYANSKY LUDMILA now holds 1,234,753 shares worth roughly $24.71 million.

Then, SMOLYANSKY LUDMILA sold 3,620 shares, generating $78,047 in total proceeds. Upon selling the shares at $21.56, the Member of 10% owner group now owns 1,254,753 shares.

Before that, SMOLYANSKY LUDMILA sold 10,000 shares. Lifeway Foods, Inc. shares valued at $216,400 were divested by the Member of 10% owner group at a price of $21.64 per share. As a result of the transaction, SMOLYANSKY LUDMILA now holds 1,258,373 shares, worth roughly $25.18 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 Monday, Lifeway Foods, Inc. [NASDAQ:LWAY] saw its stock fall -19.54% to $20.01. Over the last five days, the stock has gained 0.55%. Lifeway Foods, Inc. shares have risen nearly 49.22% since the year began. Nevertheless, the stocks have risen 231.84% over the past one year. While a 52-week high of $24.95 was reached on 04/29/24, a 52-week low of $5.61 was recorded on 02/23/24. SMA at 50 days reached $15.90, while 200 days put it at $12.50. A total of 0.65 million shares were traded, compared to the trading of 0.17 million shares in the previous session.

Levels Of Support And Resistance For LWAY Stock

The 24-hour chart illustrates a support level at 18.24, which if violated will result in even more drops to 16.48. On the upside, there is a resistance level at 23.39. A further resistance level may holdings at 26.78. The Relative Strength Index (RSI) on the 14-day chart is 52.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bearish at 76.92%. Stochastics %K at 61.31% indicates the stock is a holding.

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