Lifeway Foods, Inc.’s recent filing unveils that its Member of 10% owner group SMOLYANSKY LUDMILA unloaded Company’s shares for reported $0.38 million on Aug 30 ’24. In the deal valued at $19.13 per share,20,000 shares were sold. As a result of this transaction, SMOLYANSKY LUDMILA now holds 1,090,133 shares worth roughly $28.96 million.
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Then, SMOLYANSKY LUDMILA sold 15,000 shares, generating $272,850 in total proceeds. Upon selling the shares at $18.19, the Member of 10% owner group now owns 1,110,133 shares.
Before that, SMOLYANSKY LUDMILA sold 4,584 shares. Lifeway Foods, Inc. shares valued at $89,617 were divested by the Member of 10% owner group at a price of $19.55 per share. As a result of the transaction, SMOLYANSKY LUDMILA now holds 1,085,549 shares, worth roughly $28.84 million.
Noble Capital Markets downgraded its Lifeway Foods, Inc. [LWAY] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Noble Capital Markets’s analysts, who increased its forecast for the stock in late May from “a Market perform” to “an Outperform”. Lake Street began covering LWAY with “Buy” recommendation on April 05, 2024. Noble Capital Markets revised its rating on March 27, 2024. 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 23.58% to $26.57. Over the last five days, the stock has gained 19.09%. Lifeway Foods, Inc. shares have risen nearly 98.14% since the year began. Nevertheless, the stocks have risen 113.93% over the past one year. While a 52-week high of $28.61 was reached on 05/10/24, a 52-week low of $9.06 was recorded on 02/23/24. SMA at 50 days reached $16.89, while 200 days put it at $15.48.
Levels Of Support And Resistance For LWAY Stock
The 24-hour chart illustrates a support level at 25.22, which if violated will result in even more drops to 23.86. On the upside, there is a resistance level at 27.61. A further resistance level may holdings at 28.64. The Relative Strength Index (RSI) on the 14-day chart is 77.83, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.29, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.36%. Stochastics %K at 66.24% indicates the stock is a holding.
How much short interest is there in Lifeway Foods, Inc.?
A steep rise in short interest was recorded in Lifeway Foods, Inc. stocks on 2024-08-30, growing by 9460.0 shares to a total of 0.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 0.39 million shares. There was a rise of 2.39%, which implies that there is a positive sentiment for the stock.
