Overall market sentiment has been high on Lifeway Foods, Inc. (LWAY) stock lately. LWAY receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With LWAY Stock Today?
Lifeway Foods, Inc. (LWAY) stock is trading at $6.69 as of 2:38 PM on Tuesday, Nov 17, an increase of $0.58, or 9.49% from the previous closing price of $6.11. The stock has traded between $6.09 and $6.74 so far today. Volume today is above average. So far 151,718 shares have traded compared to average volume of 42,708 shares.
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More About Lifeway Foods, Inc.
Lifeway Foods Inc is engaged in manufacturing probiotic, cultured, functional dairy health food products. Its product line includes kefir, a dairy beverage like, in several flavors and in several package configurations. The company also manufactures a line of various farmer cheeses under the brand name of Lifeway Farmer Cheese. In addition, the company sells fermented dairy products to consumers through a network of distributors and retailers in the United States. Lifeway operates through the single segment of Manufacturing dairy products. It distributes its products through Retail-direct, Distributor, Direct store delivery and retail sales in US, the United Kingdom and other regions.
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