NOK ADRs Settling into a New Range ...
... at 5½ Year NYSE Highs. NOK which is now trading ex dividend closed slightly lower this week than it did one week ago. It's 5½ year intraday high of $25.88 was set on Wednesday May 2. With the Motorola bad news and Nokia good news behind us and dividend about to be paid. I'd expect NOK to trade broadly in line with the NASDAQ Index in coming months, and I'd expect a retreat from today's levels before long. That said, there's nothing but good news ahead. Q2 earnings should be better than Q1. Q3's better than Q2, and Nokia will rock'n'roll in Q4 as they always do, but accentuated this year with a full product line refresh across all tiers and in various stages of ramping.
NOK on NYSE in 2007: Weekly Closes, Weekly Volumes, and 5 Year Performance
Week Ending Week Close Volume NASDAQ Close
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5/04/2007 25.39 42,398,600 2572.1499
4/27/2007 25.60 42,854,400 2557.2100
4/20/2007 25.05 75,628,300 2526.3899
4/13/2007 23.79 54,192,800 2491.9399
4/05/2007 23.54 44,007,000 2471.3401
3/30/2007 22.92 45,864,800 2421.6399
3/23/2007 22.97 52,722,100 2456.1799
3/16/2007 21.85 43,938,500 2372.6599
3/09/2007 21.66 50,222,300 2387.5501
3/02/2007 21.14 74,803,700 2368.0000
2/023/2007 22.84 44,956,700 2515.1001
2/016/2007 23.14 63,741,800 2496.3101
2/09/2007 21.74 54,691,000 2459.8201
2/02/2007 22.07 71,365,200 2475.8799
1/26/2007 21.58 152,375,600 2435.4900
1/19/2007 20.13 68,058,900 2451.3101
1/12/2007 19.49 84,635,900 2502.8201
1/05/2007 19.84 59,150,300 2434.2500
·
Source: MSN
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Time Period NOK S&P 500
=========== ======= =======
CYTD +26.18% +5.93%
One Year +12.36% +14.87%
Two Years +59.55% +29.39%
Three Years +83.67% +34.44%
Five Years +66.17% +39.96%
·
Source: Reuters ProVestor Plus
- Eric - |
