Nokia is an Ideal Long-Term Drive, Not a Short-Term Squeeze NOK stock is likely to struggle in the short-run, but long-term prospects look better Mar 8, 2021, 1:19 pm EDT March 8, 2021
Nokia (NYSE:
NOK) released fiscal year 2020 fourth quarter and full year financial report on Feb. 4. Over the past 12 months, NOK stock is up about 10%. However, 2021 has so far been a rollercoaster. The stock started the year around $3.90. On Jan 27, rallied by the Reddit madness of January, Nokia shares hit a 52-week high of $9.79. Now, they are once again hovering around $3.90.
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Finland-based Nokia is an important maker of telecom-class networking equipment. Its origins go back to 1865. In 2013 it sold its mobile business to