Nokia Corporation (NOK) : During the past 4 weeks, traders have been relatively bearish on Nokia Corporation (NOK), hence the stock is down -3.61% 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 -1.19% relative to the S&P 500. The 4-week change in the price of the stock is -3.24% and the stock has fallen -1.22% in the past 1 week.
Nokia Corporation is up 14.94% in the last 3-month period. Year-to-Date the stock performance stands at -14.69%. The stock has recorded a 20-day Moving Average of 0.58% and the 50-Day Moving Average is 1.16%.
Nokia Corporation (NYSE:NOK): The stock opened at $5.69 on Friday but the bulls could not build on the opening and the stock topped out at $5.73 for the day. The stock traded down to $5.65 during the day, due to lack of any buying support eventually closed down at $5.67 with a loss of -1.39% for the day. The stock had closed at $5.75 on the previous day. The total traded volume was 10,907,053 shares.
Also, In a research note released to the investors, Goldman Sachs maintains its rating on Nokia Corporation (NYSE:NOK).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Goldman Sachs raises the new price target from $6.3 per share to $7.2 per share. The rating by the firm was issued on July 21, 2016.
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.