Nokia stock earnings are heading for a 6-month high15. 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.Via Link