Knowles Plunges 10.84% as Franklin Resources Cuts Stake 17.1%

On April 4, 2025, Knowles experienced a significant drop of 10.84% in pre-market trading, sparking concerns among investors about the company's recent performance and future prospects.

One of the key factors contributing to the decline in Knowles' stock price is the reduction in holdings by Franklin Resources Inc. The company trimmed its stake in Knowles by 17.1% in the fourth quarter, which has raised questions about the confidence of major investors in the company's growth potential.

Additionally, the broader market sentiment has been influenced by geopolitical tensions and economic policies. The imposition of tariffs by President Donald Trump on leading economies in the Asia-Pacific region has led to a decline in stock markets across the region, which may have indirectly affected Knowles' stock price.