Why Nokia Stock Sank 9.2% Today
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.
Source Fool.com
Nokia Corp. Stock
€5.59
0.680%
Our community is currently high on Nokia Corp. with 3 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 5 € is below the current price of 5.59 € for Nokia Corp., so the potential is actually -10.55%.
