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Nokia (NOK) Shows Strength: Stock Adds 5.3% in Session
Nokia Corporation (NOK - Free Report) was a big mover last session, as the company saw its shares rise a little above 5% on the day. The increase occurred after the company inked patent license and business collaboration agreement with Apple settled their five-month patent dispute. Also, this led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 21% in the past one-month time frame.
The company has seen one positive and two negative estimate revisions in the past 30 days. Also, its Zacks Consensus Estimate moved lower over the same timeframe. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Nokia currently has a Zacks Rank #3 (Hold).
Nokia Corporation Price
Nokia Corporation Price | Nokia Corporation Quote
A top-ranked stock in the Wireless Equipment industry is Motorola Solutions, Inc. (MSI - Free Report) carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is NOK going up? Or down? Predict to see what others think: Up or Down
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