Nearly a billion shares trades which is more than 2o times its daily average.
Nokia’s U.S.-listed shares surged to $9.79 on Wednesday, up 133% for the week, to their highest level in 10 years.
Why the Nokia stock price is increasing? is Nokia back in the big market?
The legacy golden technology company NOKIA share price was in hike this Wednesday. On Wednesday, Nokia announced it is set to roll out the world’s first 1T (terabit) clear-channel interface deployment with fellow Finnish telecommunications company, Elisa. Nokia shares have reached their highest level in a decade.
After the rise in share, Nokia published a statement saying-
“Nokia is not aware of any material, undisclosed corporate developments or material change in its business or affairs that has not been publicly disclosed that would account for the recent increase in the market price or trading volume of its shares”
Nokia
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Nokia was one of the Top mobile phone producers in the early days. After the rise of the Android and Apple Phone, it was not able to adopt the trend and its market went down. It closed many of its production companies in many countries. After a decade, its share was rising shockingly in the share market. Many people are thinking that Nokia is back in the market with its new collaboration with Elisa. It is now developing networking and communication products.
What is your view? Is Nokia really back in the market? Or people are just investing blindly thinking it will be the next Tesla?
