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Knife River shares fall after warning of continued headwinds
Knife River’s stock fell more than 7% Wednesday after the company projected ongoing headwinds.
Knife River shares fell more than 7% on Wednesday following the company’s forecast of continued headwinds, which investors appeared to view as a near term risk to performance.
The move came as activist Starboard urged the construction company to explore strategic options, including a possible sale.
WSJ Markets reported the stock decline on the day of Knife River’s update and noted the broader market reaction to the headwind outlook.
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