Knowles Corporation (KN) may enjoy gains as insiders got busy in the recent days


In a filing, Knowles Corporation revealed its Director Crowley Daniel J acquired Company’s shares for reported $27940.0 on Nov 02. In the deal valued at $13.97 per share,2,000 shares were bought. As a result of this transaction, Crowley Daniel J now holds 19,815 shares worth roughly $ 0.28 million.

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Then, Niew Jeffrey sold 77,537 shares, generating $1,466,070 in total proceeds. Upon selling the shares at $18.91, the President & CEO now owns 528,590 shares.

Before that, SHAVERS CHERYL L sold 3,100 shares. Knowles Corporation shares valued at $58,435 were divested by the Director at a price of $18.85 per share. As a result of the transaction, SHAVERS CHERYL L now holds 52,604 shares, worth roughly $0.75 million.

ROTH Capital downgraded its Knowles Corporation [KN] rating to a Neutral from a a Buy in a research note published on Friday, August 03, 2022; the price target was decreased to $17 from $20. PT values the company’s stock at a premium of 16.65 to its Friday closing price. A number of analysts have revised their coverage, including Colliers Securities’s analysts, who increased its forecast for the stock in early February from “a Neutral” to “a Buy”. Susquehanna also remained covering KN and has decreased its forecast on April 19, 2021 with a “Neutral” recommendation from previously “Positive” rating. Craig Hallum maintained its rating on January 12, 2021. It rated KN as “a Buy”.

Price Performance Review of KN

On Friday, Knowles Corporation [NYSE:KN] saw its stock jump 3.43% to $14.17. On the same session, the stock had its day’s lowest price of $13.87, but rose to a high of $14.30. Over the last five days, the stock has gained 4.73%. Knowles Corporation shares have fallen nearly -39.31% since the year began. Nevertheless, the stocks have fallen -33.07% over the past one year. While a 52-week high of $23.81 was reached on 01/05/22, a 52-week low of $11.57 was recorded on 10/13/22. SMA at 50 days reached $13.21, while 200 days put it at $17.83. A total of 0.86 million shares were traded, compared to the trading of 1.23 million shares in the previous session.

Levels Of Support And Resistance For KN Stock

The 24-hour chart illustrates a support level at 13.93, which if violated will result in even more drops to 13.68. On the upside, there is a resistance level at 14.36. A further resistance level may holdings at 14.54. The Relative Strength Index (RSI) on the 14-day chart is 65.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.92%. Stochastics %K at 83.74% indicates the stock is a selling.

How much short interest is there in Knowles Corporation?

A steep rise in short interest was recorded in Knowles Corporation stocks on Jul 14, 2022, growing by 0.37 million shares to a total of 3.5 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 3.13 million shares. There was a rise of 10.57%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.57% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.53.

Knowles Corporation [KN] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 14,495,830 shares, or roughly 15.82% of the outstanding KN shares. In other words, the investor’s shares have risen by 31,694 from its previous 13-F filing of 14464136.0. Additionally, The Vanguard Group, Inc. increased 0.27% of its stake after which the total value it holdings stand at $123,093,721, while Franklin Mutual Advisers LLC added 1.85% of its stake to hold $112.18 million in the firm. Over the last quarter, Dimensional Fund Advisors LP purchased 298,828 shares of Knowles Corporation, while Ariel Investments LLC bought 711,352 shares. At present, SSgA Funds Management, Inc. is holding 3,200,954 shares valued at $38.96 million. Thrivent Asset Management LLC owned 2,640,558 shares of the company at the time of its most recent 13F filing, worth $32.14 million.

The most recent change occurred on September 04, 2020 when Craig Hallum resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $20.


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