PLDT ( (PHI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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PLDT Inc.’s stock movement is influenced by the retirement of a key executive, which is not expected to impact operations, suggesting stability. Analysts have maintained a Hold rating due to the company’s strong financials. However, there are concerns about bearish technical indicators and regulatory risks. Additionally, the company faces challenges in its legacy services, despite growth in other key areas.
More about PLDT
YTD Price Performance: -11.12%
Average Trading Volume: 99,283
Technical Sentiment Signal: Sell
Current Market Cap: $4.07B
For further insights into PHI stock on TipRanks’ Stock Analysis page.
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