Koninklijke Philips N.V. (PHG) : Traders are bullish on Koninklijke Philips N.V. (PHG) as it has outperformed the S&P 500 by a wide margin of 10.57% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.57%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.54% in the last 1 week, and is up 11% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Koninklijke Philips N.V. is up 12.64% in the last 3-month period. Year-to-Date the stock performance stands at 17.79%. The stock has recorded a 20-day Moving Average of 6.64% and the 50-Day Moving Average is 11.55%.
Koninklijke Philips N.V. (NYSE:PHG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.88 and $28.76 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.04. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.97, notching a gain of 0.24% for the day. The total traded volume was 3,976,482 . The stock had closed at $28.90 on the previous day.
Also, Equity Analysts at the Brokerage Firm, UBS, upgrades their rating on the shares of Koninklijke Philips N.V. (NYSE:PHG). UBS has a Buy rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on August 10, 2016.
Koninklijke Philips N.V. is a technology company. The Company operates in the segments of Healthcare, Consumer Lifestyle and Lighting. It operates in the Innovation, Group & Services (IG&S) sector. The Healthcare segment includes imaging systems, customer services, healthcare informatics, solutions and services, and patient care and monitoring solutions. The Consumer lifestyle segment includes personal care, domestic appliances and health and wellness solutions. The Lighting segment offers various lighting solutions across a range of market segments. The Innovation, Group & Services sector includes the activities of Group Innovation and Group and regional management organizations. Additionally, the global shared business services for procurement, finance, human resources, information technology (IT) and real estate are reported in this sector. It has around 93 production sites in 25 countries and sales and service outlets in approximately 100 countries.