Large Outflow of Money Witnessed in Knowles Corporation

Knowles Corporation (NYSE:KN) traded on a positive note gaining 0.09 points or 0.6% to be valued at $15.09 per share. Intraday, the shares aggregated $1.08 million in upticks but saw an exodus of $2.47 million in downticks. The net money flow was calculated to be $(-1.39) million with the final up/down ratio coming in at 0.44. The share price has seen a change of -1.63% in value during the week. Block trade of up/down ratio of 0 was also registered with $0 million in upticks and $1.37 million in downticks. The net money flow for the block exchange was disappointing at $(-1.37) Million.


Currently the company Insiders own 1.49% of Knowles Corporation shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of 52%. On the companys insider trading activities, The director officer (President & CEO), of Knowles Corp, Niew Jeffrey had unloaded 4,467 shares at $11.15 per share in a transaction on February 18, 2016. The total value of transaction was $49,807. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Knowles Corporation (NYSE:KN) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.01 points or 0.07% at $14.99 with 690,594 shares getting traded. Post opening the session at $14.96, the shares hit an intraday low of $14.86 and an intraday high of $15.44 and the price was in this range throughout the day. The company has a market cap of $1,328 million and the number of outstanding shares have been calculated to be 88,586,128 shares. The 52-week high of Knowles Corporation (NYSE:KN) is $22.33 and the 52-week low is $9.68.

Knowles Corporation (Knowles) is a supplier of micro-acoustic solutions and specialty components serving the mobile communications, consumer electronics, medical technology, military, aerospace and industrial markets. The Company operates micro-electro-mechanical systems (MEMS) microphones, speakers and receivers which are used in smartphones, tablets and mobile handsets. The Companys segments include Mobile Consumer Electronics (MCE) and Specialty Components (SC). MCE includes analog and digital microphones, MEMS microphones, surface mounted device microphones, multi-functional devices, and integrated audio sub-systems, among others. SC includes transducers, oscillators, capacitors and filters. The Company is also a manufacturer of transducers used in hearing aids and other medical devices and capacitor components which provide various types of communication. The Companys wholly owned subsidiary Audience, Inc. offers intelligent audio and signal processing solutions.

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