Nokia Corp. ADR rallies 3.81% and outperforms market
Updated
Updated · MarketWatch · May 8
Nokia Corp. ADR rallies 3.81% and outperforms market
9 articles · Updated · MarketWatch · May 8
The stock closed at $12.82 on Friday as the Nasdaq rose 1.71% to 26,247.08 and the Dow Jones edged up 0.02% to 49,609.16.
The gain ended a two-day losing streak, though Nokia remained 8.30% below its 52-week high of $13.98 reached on 5 May.
Trading volume reached 95.9 million shares, above its 50-day average of 83.8 million; among peers, BlackBerry and Apple rose while Motorola Solutions fell sharply.
Can Nokia's billion-dollar AI orders justify its near-100 P/E ratio and fuel a sustained rally?
As telecom giants pivot to AI, can Nokia outmaneuver larger tech rivals in this new race?