Nokia stock earnings are heading for a 6-month high

15. 07. 2021 Thursday / By: Robert Denes / Business / Exact time: BST / Print this page

N okia shares extended the wave of the previous session to a half-year high on Wednesday.

Nokia’s U.S. listed stock rose -0.68% to NOKIA, + 0.55% to 0.2% in active southern trading, reaching its highest point since January 27, when it gained meme-share status.

Trading volume has already reached 33.5 million shares, compared to the full daily average of 35.6 million shares over the past 30 days. The stock rose 9.5% to 112.9 million shares on Tuesday after Nokia CEO Pekka Lundmark said he plans to increase full-year financial guidance following the “strong” second-quarter results.

It raised the price target for U.S.-listed stocks by 81% to $ 7.80 from $ 4.30. The share price has not been as high as $ 7.80 since April 2015. Nokia’s positive trends in the second quarter are “just the beginning” of an upgrade cycle that will lead to an upward increase in mobile network gross margin.

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