Knowles Corp (NYSE: KN) has benefited from exceptional positive changes in investment behavior: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Knowles Corp (NYSE: KN) has benefited from minimal positive changes in fundamentals: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, KN is expected to continue to be a Value Builder.
Knowles has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Knowles has a slightly negative Appreciation Score of 38 but a slightly positive Power Rating of 65, resulting in the Neutral Value Trend Rating.
Recent Price Action
On 6/28/24, Knowles Corp (NYSE: KN) stock enjoyed a large increase of 2.8%, closing at $17.26. Moreover, exceptionally high trading volume at 368% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 1.4% during the last week.
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