Shares of Nokia Corporation (NOK) Rally 8.62%

Nokia Corporation (NOK) : Traders are bullish on Nokia Corporation (NOK) as it has outperformed the S&P 500 by a wide margin of 2.76% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.02%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 8.62% in the last 1 week, and is up 7.25% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 7.21% and the 50-Day Moving Average is 11.01%.

Nokia Corporation (NYSE:NOK): The stock opened at $5.91 on Friday but the bulls could not build on the opening and the stock topped out at $5.93 for the day. The stock traded down to $5.88 during the day, due to lack of any buying support eventually closed down at $5.92 with a loss of -0.17% for the day. The stock had closed at $5.93 on the previous day. The total traded volume was 8,438,985 shares.


Institutional Investors own 4.11% of Nokia Corporation shares.

Nokia Corporation is a Finland-based telecommunication and network infrastructure company. The Company operates through two business segments: Nokia Networks and Nokia Technologies. Nokia Networks offers network infrastructure software, hardware and services, and is divided into Mobile Broadband and Global Services. Nokia Technologies develops and licenses technologies and manages an Intellectual Property (IP) portfolio of approximately 10,000 patent families consisted of approximately 30,000 individual patents and patent applications. The Company holds a majority stake in Alcatel-Lucent, among others, and owns operations and research and development (R&D) facilities in Europe, North America and Asia.

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