Nokia stocks

nokia stocks

What happened to Nokia stock?

Nokia stock rose about 40 percent and closed at $6.55 on Jan. 27 with more than a billion shares changing hands. Usually, investors move about 20 million Nokia shares on average in a day. Trading in NOK stock was halted several times as it kept hitting the NYSE’s circuit breaker. Nokia has gained nearly 60 percent in the past week.

Why is Nokia stock so popular on Reddit?

Due in part to its low share price, Nokia has become a favorite stock among traders on the increasingly popular Reddit group, r/WallStreetBets. Thats led to a surge in Nokias trading volumes in recent days, which has helped to boost its share price.

Is Nokia stock a good buy at $5?

The stock usually corrects swiftly whenever technical traders appear to be driving it too fast. With that in mind, Nokia stock looks to be a good buy in the $5 price range.

Is Nokia a penny stock or large-cap stock?

Moreover, Nokias stock price of approximately $4.70 per share gives it a market cap of around $27 billion. That makes it a large-cap stock -- quite unusual in the ranks of penny stocks, most of which sport market caps of well under $1 billion.

What happened to Nokia’s business?

At its pinnacle in 2007, Nokia had 51% of global market share in mobile phones. To put that into context, Apple now has roughly 25% of global market share. From the highs of global dominance to the lows of nearing bankruptcy, Nokia’s phone business culminated in a sale to Microsoft for $7.2 billion in 2013.

What was the last day of trading for Nokia stock?

The final day of trading was June 1, 2007 Nokia delisted from Frankfurt Stock Exchange. The final day of trading was March 16, 2012

Is Nokia (NOK) stock a buy for 2022?

That’s because analysts already expected revenue of 23.06 billion euros for 2022. That means Nokia’s range is not exactly confidence-inspiring heading into the new year. Year to date, NOK stock is down 6.5% at $5.82 a share, and is barely keeping its head above the $5 penny stock threshold.

Is Nokia’s stock under $5?

Nokias stock is not as cheap as it appears Finally, investors need to understand why Nokia sports such a low share price. Casual observers may see this stock selling for under $5 per share and think they may have found a bargain. After all, it received extensive coverage in Reddits WallStreetBets subreddit following its earnings report.

Is Nokia a good stock to buy?

Nokia Stock is Inexpensive And finally, Nokia stock is still trading at less than $5 per share. Depending on your point of view, this could be seen as a reason to avoid the stock. After all, it’s down more than 90% since its all-time high in 2000.

What will drive the Nokia stock price in 2025?

The broad market, the 5G market, and Nokias product will still serve as three key drivers of the Nokia stock price leading up to 2025. For the broad market, the S&P 500 has ripped upward 57% since the pandemic slump. The economy is reopening further as people around the world get vaccinated.

What are the Buy signals for Nokia Corporation stock?

Signals & Forecast The Nokia Corporationstock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.

Is Nokia stock a 5G carrier to invest in?

The deal included a variety of Nokia’s core networking products, including Nokia Software and ION products. If you’re looking for 5G carriers to invest in, Nokia may not be the most obvious choice. But at less than $5 a share, there may be a long-term opportunity with Nokia stock.

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