Nokia (NOK) Message Board

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Technology Stocks : Nokia (NOK)

NOK 6.495

-0.1%

11:47 AM EST

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To: niceguy767 who wrote (34543)	9/3/2013 10:11:46 AM
From: sylvester80	Read Replies (2) of 34857

Up more than 38% on a year-over-year basis to trade at $3.90, NOK received some bullish attention today, after inking a deal to sell its handset business to Microsoft Corporation (NASDAQ:MSFT) for approximately $7.2 billion. Oppenheimer raised the stock -- which is up 44% ahead of the bell -- to "perform" from "underperform," while Credit Suisse, Deutsche Bank, and Bernstein also handed out upgrades and/or price-target hikes. However, there is still plenty of skepticism levied against Nokia Corporation (ADR). Short interest currently accounts for 5.7% of the equity's available float -- or more than 14 sessions' worth of pent-up buying demand, at NOK's average daily trading volume. In other words, the shares could end up benefiting from future short-covering activity, in light of today's news. schaeffersresearch.com

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