Nokia Corporation (NOK) has been under a strong bear grip, hence the stock is down -1.18% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.02% in the past 1 week. The stock has risen by 0.35% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.39% in the past 4 weeks.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 0.27% and the fifty day Moving Average is 0.85%. Nokia Corporation is up 7.32% in the last three month period. Year-to-Date the stock performance stands at -14.39%.
Nokia Corporation (NOK) : The highest level Nokia Corporation (NOK) is projected to reach is $8 for the short term and the lowest estimate is at $5. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $6.52 and the possibility the share price can swing is $1.04.
Nokia Corporation (NYSE:NOK): On Fridays trading session , Opening price of the stock was $5.69 with an intraday high of $5.76. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $5.66. However, the stock managed to close at $5.69, a loss of 0.18% for the day. On the previous day, the stock had closed at $5.7. The total traded volume of the day was 8,050,499 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.