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Why Nokia Stock Sank 9.2% Today

TheMotleyFool 
0 0 19.11.25
Why Nokia Stock Sank 9.2% Today: https://g.foolcdn.com/editorial/images/843664/datacenter.jpg
 

Shares of Nokia (NYSE: NOK) fell on Wednesday, finishing the day down 9.2%. The drop came as the S 500 and the Nasdaq Composite gained 0.3% and 0.5%, respectively.

Nokia, once known for its ubiquitous cellphones popular in the pre-smartphone era, is reinventing itself once again. Nokia announced on Wednesday that it will restructure into two units -- network infrastructure and mobile infrastructure -- as part of its effort to better serve the artificial intelligence (AI) "supercycle," as the company calls it.

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Source Fool.com

Nokia Corp. Stock

€5.97
2.260%
There is an upward development for Nokia Corp. compared to yesterday, with an increase of €0.13 (2.260%).
Currently there is a rather positive sentiment for Nokia Corp. with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 10 € shows a very positive potential of 67.39% compared to the current price of 5.97 € for Nokia Corp..
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