Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Knowles Corporation shares valued at $202,725 were sold by SHAVERS CHERYL L on May 18. At $16.61 per share, SHAVERS CHERYL L sold 12,205 shares. The insider’s holdings dropped to 50,772 shares worth approximately $0.83 million following the completion of this transaction.
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Also, Cabrera Raymond D. sold 8,490 shares, netting a total of over 138,896 in proceeds. Following the sale of shares at $16.36 each, the insider now holds 89,202 shares.
Before that, Crowley Daniel J had added 2,000 shares to its account. In a trade valued at $27,940, the Director bought Knowles Corporation shares for $13.97 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $0.32 million.
Analyzing KN Stock Performance
On Wednesday, Knowles Corporation [NYSE: KN] plunged -2.04% to $16.34. The stock’s lowest price that day was $16.135, but it reached a high of $16.66 in the same session. During the last five days, there has been a drop of approximately -0.67%. Over the course of the year, Knowles Corporation shares have dropped approximately -0.49%. Shares of the company reached a 52-week high of $20.25 on 02/02/23 and a 52-week low of $15.35 on 05/09/23. A 50-day SMA is recorded $16.35, while a 200-day SMA reached $15.78. Nevertheless, trading volume fell to 1.01 million shares from 0.93 million shares the previous day.
Support And Resistance Levels for Knowles Corporation (KN)
According to the 24-hour chart, there is a support level at 16.10, which, if violated, would cause prices to drop to 15.85. In the upper region, resistance lies at 16.62. The next price resistance is at 16.90. RSI (Relative Strength Index) is 50.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.29, which suggests the price will decrease in the coming days. Percent R is at 43.27%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Knowles Corporation subject to short interest?
Stocks of Knowles Corporation saw a sharp rise in short interest on Apr 27, 2023 jumping by 30000.0 shares to 2.78 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2023 was 2.75 million shares. A jump of 1.08% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.4 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.4.
Which companies own the most shares of Knowles Corporation (KN)?
According to BlackRock Fund Advisors filings, the company currently owns 13,980,199 shares, which is about 15.32% of the total KN shares outstanding. The investor’s shares have plunged by -713,171 from its previous 13-F filing of 14693370.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $179,462,505. Dimensional Fund Advisors LP acquire a 1.89% interest valued at $113.21 million while Franklin Mutual Advisers LLC sold a -670,026 stake. A total of -385,393 shares of Knowles Corporation were sold by Ariel Investments LLC during the quarter, and -76,183 were sold by Simcoe Capital Management LLC. In its current portfolio, SSgA Funds Management, Inc. holds 3,559,635 shares valued at $60.09 million.
In terms of Knowles Corporation share price expectations, FactSet research, analysts set an average price target of $20.50 in the next 12 months, up nearly 22.9% from the previous closing price of $16.68. Analysts anticipate Knowles Corporation stock to reach $24.00 by 2023, with the lowest price target being $17.00. In spite of this, 4 analysts ranked Knowles Corporation stock as an Overweight at the end of 2023.