Nokia Corporation (NOK) has risen sharply, recording gains of 0.37% in the past 4 weeks. However, the stock has corrected -5.2% in the past 1 week, providing a good buying opportunity on dips. Nokia Corporation (NOK) : During the past 4 weeks, traders have been relatively bearish on Nokia Corporation (NOK), hence the stock is down -2.07% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.6% relative to the S&P 500.
Nokia Corporation (NYSE:NOK): The stock opened at $5.46 on Friday but the bulls could not build on the opening and the stock topped out at $5.52 for the day. The stock traded down to $5.45 during the day, due to lack of any buying support eventually closed down at $5.47 with a loss of -0.55% for the day. The stock had closed at $5.50 on the previous day. The total traded volume was 16,456,304 shares.
The stock has recorded a 20-day Moving Average of 4.72% and the 50-Day Moving Average is 1.29%. Nokia Corporation is up 1.89% in the last 3-month period. Year-to-Date the stock performance stands at -17.7%.
Nokia Corporation (NOK) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $8 and the lowest price target forecast is $6. The average forecast of all the analysts is $6.68 and the expected standard deviation is $0.8.
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.