What Is Going On With These 5 Falling Stocks?

Knowles on the Move With Earnings on Deck

Knowles Corp (NYSE:KN) shares are 10% in the red due to traders selling the stock in anticipation of the company’s earnings report later today. According to Yahoo Finance, six analysts expect the company to report earnings per share of $0.03 on average, while the average of five analysts has Knowles Corp (NYSE:KN) pegged to report $179.62 million in sales. Although markets can be efficient, we’re not sure whether the selling this morning is indicative of the results set to be released later today. Legg Mason Capital Management, now a part of ClearBridge, was among 15 elite funds that we track that owned shares of Knowles at the end of 2015.

Community Health Systems Lower as COO Plans to Leave 

Community Health Systems (NYSE:CYH) shares have retreated by 9.5% on the news that its COO, David Miller, plans to retire at the end of the year. Miller was Community Health’s first COO and has served in the position since the beginning of 2014. Miller currently oversees the company’s six operating divisions. In other news, Community Health’s planned spin-off of Quorum Health is on track to be completed at the end of this week. 45 funds in our database owned $697.08 million worth of Community Health Systems (NYSE:CYH)’s shares, which accounted for 22.20% of the float on December 31. There were 59 funds with $1.17 billion in CHS holdings at the end of September.

Gerdau SA Momentum Declines

Gerdau SA (ADR) (NYSE:GGB) shares have declined by 6% as some traders take profits off the table from the stock’s more than 100% rally since February. Gerdau SA (ADR) (NYSE:GGB) shares have rallied strongly since that time due to better sentiment for Brazilian stocks on the back of higher crude prices and the possibility that Brazil’s President might be impeached. If Brazil’s President is impeached, the development might help the country turn around its economic troubles. Hedge fund sentiment in Gerdau SA remained unchanged during the fourth quarter, with the number of shareholders of the stock among the funds in our system remaining at ten.

Disclosure: None