Why Lifeway Foods Stock Exploded 44% Today

There's plenty of trouble and family drama going on up at the Chicago-land kefir company this morning. Shares of Lifeway Foods (LWAY 49.15%) soared 44% through 10:35 a.m. ET Tuesday morning on some explosive news from the boardroom. In a press release this morning, former company chairperson (and co-founder) Ludmila Smolyansky and former COO Edward Smolyansky (her son) announced they have filed a "consent statement" with the Securities and Exchange Commission (SEC). The statement describes something the mot ...