Koninklijke Philips N.V. (RYLPF)
| Previous Close | 20.52 |
| Open | 28.98 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 26.86 - 28.98 |
| 52 Week Range | 17.78 - 28.98 |
| Volume | |
| Avg. Volume | 7,029 |
| Market Cap | 24.586B |
| Beta (5Y Monthly) | 0.78 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.51 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | May 12, 2022 |
| 1y Target Est | N/A |
- Yahoo Finance Video
Philips stock jumps on settlement: CEO explains what's next
Koninklijke Philips (PHG) reached a $1.1 billion settlement over a US device recall for its respiratory ventilator devices, causing shares of the company to jump on Monday. The payment was originally estimated by some analysts to be more than $2 billion, putting to bed many worries from investors. However, the company still faces investigations, including one by the US Department of Justice. Philips CEO Roy Jakobs speaks with Yahoo Finance's Anjalee Khemlani to give insight into the settlement and how his company will operate moving forward with other investigations. Jakobs affirms: "So by actually closing the settlement, we have taken the vast majority of the cases out of the way, especially the three litigation cases that were there in the US: economic loss, personal injury, and medical monitoring. Actually that is the closed chapter now, and that was very important because actually the biggest uncertainty was tied to that. It is true that still the DOJ is remaining. We are fully collaborating with that, giving the information requested, there's no further clarity on what that would mean and when they would come toward." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
- Yahoo Finance Video
Phillips stock jumps after $1.1B settlement reached
Shares of Koninklijke Philips (PHG) soar on Monday morning after the company reached a $1.1 billion settlement over a US device recall for its respiratory ventilator devices. The stock has been under pressure as uncertainty surrounding the litigation clouded its future and caused its market value to be heavily reduced. Yahoo Finance Anchors Brad Smith and Seana Smith break down the latest developments for Philips. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
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