Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Lifeway Foods, Inc. shares valued at $174,377 were sold by SMOLYANSKY JULIE on May 20 ’24. At $17.26 per share, SMOLYANSKY JULIE sold 10,105 shares. The insider’s holdings dropped to 2,084,417 shares worth approximately $25.76 million following the completion of this transaction.
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Also, SMOLYANSKY JULIE sold 20,000 shares, netting a total of over 368,177 in proceeds. Following the sale of shares at $18.41 each, the insider now holds 2,094,522 shares.
Before that, SMOLYANSKY LUDMILA had sold 5,000 shares from its account. In a trade valued at $133,900, the Member of 10% owner group traded Lifeway Foods, Inc. shares for $26.78 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $15.2 million.
As published in a research note from Noble Capital Markets on May 30, 2024, Lifeway Foods, Inc. [LWAY] has been rated up from a Market perform to an Outperform and the price target has been revised to $20. Analysts at Lake Street started covering the stock with ‘”a Buy”‘ outlook in a report released in early April. As of March 27, 2024, Noble Capital Markets has decreased its “an Outperform” rating to a “Market perform” for LWAY. Earlier on February 26, 2024, Noble Capital Markets upgraded its rating. Their new recommendation was “an Outperform” for LWAY stock which previously was a “a Market perform”.
Analyzing LWAY Stock Performance
During the last five days, there has been a drop of approximately -5.00%. Over the course of the year, Lifeway Foods, Inc. shares have dropped approximately -7.83%. Shares of the company reached a 52-week high of $28.61 on 05/10/24 and a 52-week low of $9.93 on 02/23/24. A 50-day SMA is recorded $17.25, while a 200-day SMA reached $14.35. Nevertheless, trading volume fell to 61334.0 shares from 0.19 million shares the previous day.
Support And Resistance Levels for Lifeway Foods, Inc. (LWAY)
According to the 24-hour chart, there is a support level at 12.20, which, if violated, would cause prices to drop to 12.05. In the upper region, resistance lies at 12.63. The next price resistance is at 12.91. RSI (Relative Strength Index) is 37.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.19, which suggests the price will decrease in the coming days. Percent R is at 73.41%, indicating bearish price movement. Stochastics%K at holding indicates that the stock is to be held.
