Some Traders Are Very Bearish on Lifeway Foods, Inc. After Forming Double Bottom

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The chart of Lifeway Foods, Inc. (LWAY) shows a double bottom with $10.18 target or 11.00% below today’s $11.44 share price. The 5 months chart pattern indicates high risk for the $190.30 million company. It was reported on Dec, 11 by If the $10.18 price target is reached, the company will be worth $20.93 million less. Double bottoms are rare but powerful chart patterns. The stock is down 1.21% or $0.14 after the news, hitting $11.44 per share. About 10,194 shares traded hands. Lifeway Foods, Inc. (NASDAQ:LWAY) has declined 41.40% since May 8, 2015 and is downtrending. It has underperformed by 38.38% the S&P500.

According to Zacks Investment Research, “LIFEWAY FOODS, INC. produces Kefir, a drinkable product similar to, but distinct from yogurt, in several flavors sold under the name Lifeway’s Kefir.” Get a free copy of the Zacks research report on Lifeway Foods, Inc. (LWAY).

The institutional sentiment decreased to 0.94 in Q3 2015. Its down 0.11, from 1.05 in 2015Q2. The ratio worsened, as 4 funds sold all Lifeway Foods, Inc. shares owned while 14 reduced positions. 1 funds bought stakes while 16 increased positions. They now own 2.59 million shares or 12.12% less from 2.95 million shares in 2015Q2.

Teton Advisors Inc. holds 0.14% of its portfolio in Lifeway Foods, Inc. for 172,808 shares. Granite Investment Partners Llc owns 68,285 shares or 0.07% of their US portfolio. Moreover, Cadence Capital Management Llc has 0.04% invested in the company for 48,629 shares. The Texas-based Bridgeway Capital Management Inc has invested 0.02% in the stock. Gabelli Funds Llc, a New York-based fund reported 306,043 shares.

More notable recent Lifeway Foods, Inc. (NASDAQ:LWAY) news were published by: which released: “Lifeway Foods, Inc. to Announce Results for the Third Quarter Ended September …” on November 03, 2015, also with their article: “Lifeway Foods, Inc. Announces Results for the Third Quarter Ended September 30 …” published on November 09, 2015, published: “Lifeway Foods, Inc. to Announce Results for the Fourth Quarter and Full Year …” on March 05, 2015. More interesting news about Lifeway Foods, Inc. (NASDAQ:LWAY) were released by: and their article: “Lifeway Foods Receives NASDAQ Extension Letter” published on August 26, 2015 as well as‘s news article titled: “Lifeway Foods Ramps Up Kefir Production at New Waukesha Facility” with publication date: August 21, 2015.

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