2.14% -0.60

Koninklijke Philips N.V. ADR (PHG)

Overview News Price History Option Chain Why PHG Down? Discussions Forecast Stock Split Dividend History

Why is Koninklijke Philips N.V. ADR (PHG) Stock down?

We've noticed a 5.40% decline in Koninklijke Philips N.V. ADR (PHG) stock during the 2024-01-29 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

06 Oct, 2023:

Shares of Koninklijke Philips N.V.NY Reg (PHG) dropped by 7.20% from $18.71 to $18.29 in the trading on Friday October 6, 2023. The reasons why stock PHG is down today is due to the FDA's recommendation for further testing on recalled sleep apnea and respirator devices. The FDA expressed dissatisfaction with Philips' recall handling, citing inadequate risk assessment. Despite a 26% year-to-date increase, the company faces ongoing challenges, including personal injury claims and a Department of Justice investigation, while striving to resolve the recall issue.

24 Jul, 2023:

PHG's stock fell 6.68% after the company announced a fourth straight drop in order intake on Monday and warned that it expects global market conditions to remain highly uncertain.

https://finance.yahoo.com/news/philips-slightly-raises-2023-outlook-053312489.html