$PHI is one of biggest losers #stocks today. read more:

Philippine Long Distance Teleph (symbol: PHI) was one of the worst losers
of the trading day today (2016-08-02), losing -11.05%. The number of shares
that changed hands was 700,268, or about 6 times the average daily volume
in the stock.
The closing price was $40.72, amounting to a market cap of $8,800,000,000,
about -36.59% off the highest price in the last 12 months. The stock has
been trading at a range between $34.26 and $64.22.
PHI is in the Telecommunications Equipment industry, part of the Public
Utilities sector.
Looking at its valuation, the stock is now trading at 22.02 times earnings.