Nokia shares fall below average trading volume, maintain Overweight rating

HELSINKI – Nokia Corp.’s American depositary receipts (ADRs) were slightly lower on Friday, closing at $3.44. The current price is below the 52-week high of $5.04, indicating that the Finnish telecom company’s momentum is slowing. Even so, Nokia’s market capitalization remains stable at $19 billion.

Nokia’s trading activity was very quiet, with only 11.7 million shares changing hands. This figure is below the 50-day average volume of 15.8 million shares and below the three-month average volume of more than 18 million shares. The lower trading volume reflected a calmer day in the Nokia market, with investors trading fewer shares than usual.

Just one day ago on Thursday, Nokia’s ADR hit a modest high of $3.46, indicating that the stock was trading within a tight range. Despite lower trading volume and a small share price drop, analysts remain optimistic about the stock and have an overweight stance.

This article was created and translated with the help of artificial intelligence and reviewed by an editor. For more information, please see our terms and conditions.