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Strategies & Market Trends : Contrarian Investing

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To: pcyhuang who wrote (4030)9/18/2014 10:23:15 PM
From: pcyhuang   of 4080
 
Update On Nokia @$8.63




Shares of Nokia (NYSE:NOK) are benefiting from continued investor interest. Nokia closed at $8.57 on Tuesday and close to its most recent 52-week high of $8.63. I was long expecting a solid upward bounce of Nokia's stock price as the company made substantial progress in streamlining its operations, tackling costs and reducing head count. The biggest influence on Nokia's transformation, however, came from the sale of its Device and Services business to Microsoft (NASDAQ:MSFT) in the second quarter of 2014.

seekingalpha.com

Source: Seekingalpha.com

Weekly Stock Chart on Nokia

stockcharts.com
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