Knowles Corp’s recently made public that its SVP, HR & Chief Admin. Officer Cabrera Raymond D. unloaded Company’s shares for reported $0.17 million on Feb 22 ’24. In the deal valued at $16.90 per share,10,300 shares were sold. As a result of this transaction, Cabrera Raymond D. now holds 94,870 shares worth roughly $1.44 million.
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Then, Cabrera Raymond D. sold 5,000 shares, generating $77,100 in total proceeds. Upon selling the shares at $15.42, the SVP, HR & Chief Admin. Officer now owns 84,202 shares.
Before that, SHAVERS CHERYL L sold 12,205 shares. Knowles Corp shares valued at $202,725 were divested by the Director at a price of $16.61 per share. As a result of the transaction, SHAVERS CHERYL L now holds 50,772 shares, worth roughly $0.77 million.
ROTH Capital downgraded its Knowles Corp [KN] rating to a Neutral from a a Buy in a research note published on August 03, 2022; the price target was decreased to $17 from $20. 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 Tuesday, Knowles Corp [NYSE:KN] saw its stock fall -0.91% to $15.20. Over the last five days, the stock has gained 0.07%. Knowles Corp shares have fallen nearly -15.13% since the year began. Nevertheless, the stocks have fallen -6.81% over the past one year. While a 52-week high of $18.48 was reached on 01/02/24, a 52-week low of $12.78 was recorded on 02/08/24. SMA at 50 days reached $16.28, while 200 days put it at $16.22. A total of 0.7 million shares were traded, compared to the trading of 0.37 million shares in the previous session.
Levels Of Support And Resistance For KN Stock
The 24-hour chart illustrates a support level at 15.11, which if violated will result in even more drops to 15.03. On the upside, there is a resistance level at 15.37. A further resistance level may holdings at 15.55. The Relative Strength Index (RSI) on the 14-day chart is 36.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.13%. Stochastics %K at 16.49% indicates the stock is a buying.
How much short interest is there in Knowles Corp?
A steep rise in short interest was recorded in Knowles Corp stocks on Feb 29, 2024, dropping by 90000.0 shares to a total of 1.46 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 1.55 million shares. There was a decline of -6.16%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.39% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.43.
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.
