Royal Philips (PHG) Trading With Heavy Volume Before Market Open

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Trade-Ideas LLC identified Royal Philips ( PHG) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Royal Philips as such a stock due to the following factors:

  • PHG has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $20.6 million.
  • PHG traded 109,590 shares today in the pre-market hours as of 9:12 AM, representing 16.1% of its average daily volume.

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More details on PHG:

Koninklijke Philips N.V. is engaged in healthcare, consumer lifestyle, and lighting businesses worldwide. The stock currently has a dividend yield of 3.1%. PHG has a PE ratio of 17.1. Currently there is 1 analyst that rates Royal Philips a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Royal Philips has been 734,400 shares per day over the past 30 days. Royal Philips has a market cap of $27.6 billion and is part of the consumer goods sector and consumer durables industry. Shares are down 18.9% year-to-date as of the close of trading on Wednesday.

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