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How Nokia, Ericsson, and CEL-SCI Got Swept Up in the WallStreetBets Mania Today

Anders Bylund, The Motley Fool
·4 min read
How Nokia, Ericsson, and CEL-SCI Got Swept Up in the WallStreetBets Mania Today
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Shares of Finnish telecom equipment specialist Nokia (NYSE: NOK) and Swedish industry peer LM Ericsson (NASDAQ: ERIC) are soaring on Wednesday, but not because they are doing something right. The stocks gained as much as 86.8% and 27.3%, respectively, because they were swept up in a wave of trading directed by online day-trader communities on platforms such as Reddit and Twitter. Nokia actually had a bit of real news today.