People are selling. That's what drives a stock down. That's all you can really know. Everything else is speculation, some of which may be correct and some of which is mistaken, but you can't know for certain until after the fact. What's clear about NOK is that without positive news the stock price tends to decline. It's that way with a lot of turnaround stories.
Quail hunting season extended. Dividend was wiped out so shorts just doubled down. It's like getting free play at the casino.
Just keep telling yourself... "It's good when a company cancels its dividend" and "it's good when a company has to float a bond to cover its expenses"
Don't forget that "it's no big deal if you don't pay your taxes."
You can learn a lot from a message board once you realize that pumpers are never wrong.
"It's maaannipuuulayshun!!!!" Waaàhh
You are correct. SNS went out and borrowed from the bond market and everyone except smart investors realized that is the second segment to do so this year. The real reason is, they need to hang on to cash. Not only did they kill the dividend, but went to the bond market twice in last 6 months. Basically, Nokia is saying, #$%$ stock holders.