Following these proceedings, Jefferies upgraded its Koninklijke Philips N.V. ADR [PHG] rating to a Hold from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Bernstein’s analysts, who increased its forecast for the stock in mid May from “a Mkt perform” to “an Outperform”. Exane BNP Paribas also remained covering PHG and has increased its forecast on May 07, 2024 with a “Neutral” recommendation from previously “an Underperform” rating. UBS revised its rating on April 30, 2024. It rated PHG as “a Neutral” which previously was an “a Sell”.
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Price Performance Review of PHG
On Tuesday, Koninklijke Philips N.V. ADR [NYSE:PHG] saw its stock jump 0.83% to $26.84. Over the last five days, the stock has lost -16.36%. Koninklijke Philips N.V. ADR shares have risen nearly 18.98% since the year began. Nevertheless, the stocks have risen 50.04% over the past one year. While a 52-week high of $32.91 was reached on 10/01/24, a 52-week low of $17.86 was recorded on 02/21/24. SMA at 50 days reached $30.98, while 200 days put it at $25.73.
Levels Of Support And Resistance For PHG Stock
The 24-hour chart illustrates a support level at 26.62, which if violated will result in even more drops to 26.40. On the upside, there is a resistance level at 27.11. A further resistance level may holdings at 27.38. The Relative Strength Index (RSI) on the 14-day chart is 23.83, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.51%. Stochastics %K at 7.88% indicates the stock is a buying.
How much short interest is there in Koninklijke Philips N.V. ADR?
A steep rise in short interest was recorded in Koninklijke Philips N.V. ADR stocks on 2024-10-15, dropping by -0.4 million shares to a total of 2.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.76 million shares. There was a decline of -16.99%, which implies that there is a negative sentiment for the stock.
