NOKIANEWS - News of the Nokia

Nokia shares fall below average trading volume

06. 01. 2024 Saturday / By: Robert Denes / Business / Exact time: BST / Print this page

N okia (HE: NOKIA ) Corp. American Depository Receipts (ADRs) traded slightly lower on Friday, settling at $3.44. This current price is behind the 52-week high of $5.04, indicating that the Finnish telco has lost momentum. Despite this, Nokia's market capitalization is stable at $19 billion.

Nokia's trading activity was particularly restrained, with only 11.7 million shares changing hands. That figure is below the 50-day average of 15.8 million shares and also below the three-month average trading volume of more than 18 million shares. The reduced trading volume reflects a quieter day for the Nokia market as investors sought fewer shares than usual.

Just the previous day, Thursday, Nokia's ADRs hit a marginal high of $3.46, indicating slight volatility in the share price within a narrow range. Despite the lower trading volume and the slight drop in the share price, analysts maintain a positive outlook on the company's shares, representing an overweight position.

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