Wed, 12 Jan 2022 13:10:24 GMT
Philips stock price plummets
On Wednesday, the stock price of Philips plummeted by 16.00%. The stock price erased all December gains and reached below the 29.00 EUR mark.
The decline occurred, as the company announced that shortages and recalls had impacted profits. Namely, fourth-quarter profits were set to decrease by 40.00% or 650 million Euros.