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 7.55% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.45%, 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 5.51% in the last 1 week, and is up 8.66% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 5.54% and the 50-Day Moving Average is 8.32%. Koninklijke Philips N.V. (NYSE:PHG): On Fridays trading session , Opening price of the stock was $28.13 with an intraday high of $28.16. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $27.96. However, the stock managed to close at $27.98, a loss of 0.29% for the day. On the previous day, the stock had closed at $28.06. The total traded volume of the day was 1,097,181 shares.
Institutional Investors own 6.3% of Koninklijke Philips N.V. shares. Also, UBS upgrades its view on Koninklijke Philips N.V. (NYSE:PHG) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. 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.