Philips pays $1.1B to settle sleep apnea device suits [FOX Business Network]
Koninklijke Philips N.V. NY Registry Shares (PHG)
US:NYSE Investor Relations:
philips.com/a-w/about/investor.html
Company Research
Source: FOX Business Network
billion dollars to settle personal injury claims tied to its recalled sleep apnea devices. Philips Respironics, a subsidiary of Philips, recalled about 15 million sleep therapy devices in 2021 over concerns that a foam component could disintegrate and be inhaled by the user, possibly causing health issues, including toxic and carcinogenic effects. Philips share price hit a 52-week-high on Monday at $29.44. "Patient safety and quality is our highest priority, and we have taken important steps in further resolving the consequences of the Respironics recall," Royal Philips CEO Roy Jakobs said in a statement Monday. J akobs added that "the remediation of the sleep therapy devices for patients is almost complete, and the test results to date show the use of these devices is not expected to result in appreciable harm to health." While Philips Respironics agreed to pay $1.1 billion for the U.S. cases stemming from the recall, the company said it does not "admit any fault or liabili
Show less
Read more
Impact Snapshot
Event Time:
PHG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PHG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PHG alerts
High impacting Koninklijke Philips N.V. NY Registry Shares news events
Weekly update
A roundup of the hottest topics
PHG
News
- Philips announces exchange ratio for 2023 dividendGlobeNewswire
- Philips' (PHG) Gets FDA Recall for Trilogy Ventilator Glitch [Yahoo! Finance]Yahoo! Finance
- Philips sues CPAP cleaning product maker, saying it should pay part of settlements [Reuters]Reuters
- Koninklijke Philips (NYSE: PHG) was upgraded by analysts at Sanford C. Bernstein from a "market perform" rating to an "outperform" rating.MarketBeat
- PHG vs. HAE: Which Stock Is the Better Value Option? [Yahoo! Finance]Yahoo! Finance
PHG
Earnings
- 1/29/24 - In-Line
PHG
Sec Filings
- 5/15/24 - Form 6-K
- 5/14/24 - Form S-8
- 5/8/24 - Form 6-K
- PHG's page on the SEC website