Knowles Plunges 20.77% on Downgrade

On April 7, 2025, Knowles experienced a significant drop of 20.77% in pre-market trading, sparking concerns among investors and analysts alike.

One of the key factors contributing to the decline in Knowles' stock price is the recent reduction in its rating by Craig Hallum. The firm downgraded Knowles from a "buy" rating to a "hold" rating, setting a price target of $17.00. This change in rating reflects a shift in sentiment towards the company's prospects, potentially influencing investor decisions and leading to the observed drop in stock price.

Additionally, Wellington Management Group LLP increased its stake in Knowles by 4.5% during the fourth quarter. While this might suggest confidence in the company's long-term potential, the recent market movements indicate that short-term concerns are overshadowing this positive development.