Nokia Corporation (NOK) Surges: Stock Moves 12.3% Higher
Nokia Corporation NOK was a big mover last session, as the company saw its shares rise more than 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $4.76 to $4.96 in the past one-month time frame.
The move came after the company reported solid fourth-quarter 2017 results.
The company has not seen any estimate revisions in the past month and the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent 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 #4 (Sell), while its Earnings ESP is negative.
Nokia Corporation Price
Nokia Corporation Price | Nokia Corporation Quote
A better-ranked stock in the Wireless Equipment industry is InterDigital, Inc. IDCC, which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is NOK going up? Or down? Predict to see what others think: Up or Down
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