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Ludmila Smolyansky, a member of the 10% owner group of Lifeway Foods , Inc. (NASDAQ:LWAY), recently sold 10,000 shares of the company's common stock. The transaction comes as InvestingPro data shows LWAY has delivered an impressive 99% return over the past year, with the stock currently trading at $22.47. The shares were sold at a weighted average price of $21.31, with individual transaction prices ranging from $21.00 to $21.99. This sale, completed on February 11, 2025, totaled $213,100. Following this transaction, Smolyansky retains indirect ownership of 173,343 shares through various trusts and foundations. With analysts setting price targets between $25 and $28, and the company maintaining a GREAT financial health score according to InvestingPro, investors can access comprehensive insider trading analysis and 8 additional ProTips through the platform's detailed research reports.
In other recent news, Lifeway Foods, a key player in the dairy products industry, has been actively addressing public misstatements made by Edward and Ludmila Smolyansky, two individuals associated with the company. Lifeway Foods has also rejected an acquisition proposal from Danone (EPA:DANO) North America PBC, stating that the offer significantly undervalues the company. The company's Board of Directors believes that Lifeway's prospects for growth could provide greater value to shareholders than the proposal from Danone.
On the financial front, Lifeway Foods has reported 21 consecutive quarters of growth up to the fourth quarter of 2024, with double-digit year-over-year revenue growth in the third quarter of 2024. Lifeway's full-year 2024 net sales are anticipated to be between $185.0 million and $186.5 million, a notable increase from $160.1 million in 2023.
Furthermore, Lifeway Foods has reported a significant increase in net sales for the third quarter of 2024, marking its 20th consecutive quarter of sales growth. The company announced a 12.7% increase in net sales over the same period in 2023, reaching $46.1 million. These are some of the recent developments from Lifeway Foods.
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