Nokia’s U.S.-listed shares surged to $9.79 on Wednesday, up 133% for the week, to their highest level in 10 years. Trading in the stock market used to require a mastery of all sorts of Wall Street jargon. It has a big screen, a quad camera, and a long battery life. Nokia was forced to issue a statement at the peak of the Reddit rally saying it had no reason for the surge in its share price and that its underlying business had not changed. Nokia (NOK) was the Apple (AAPL) of the time during the embryonic mobile phone days. For example, if you already own 2,000 shares of Nokia, the company will not close out your position. Money ... and it’s all down to the current hyped stocks on Reddit. The gradual decline still leaves the Finnish multinational's stock above levels seen in mid-January – yet below the surge prices of over $6 recorded toward the end of last month. Finnish Telecommunications service provider Nokia was a single of a handful of stocks caught up in Reddit-fueled shorter-squeeze makes an attempt in excess of the past few weeks as traders focused legacy tech names . You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Real time Nokia (NOK) stock price quote, stock graph, news & analysis. Press question mark to learn the rest of the keyboard shortcuts. Nokia Oyi (NYSE: NOK) shares were trading higher Wednesday amid continued momentum driven by retail investor interest in the stock. MACD has crossed to give a bearish signal, the RSI is neutral. It would be good to support Viber or watch youtube but that is not my priority. If you've been banned from r/Nokia, please message the moderation team and ask for your account to be reviewed. Find the latest Nokia Corporation Sponsored (NOK) stock quote, history, news and other vital information to help you with your stock trading and investing. Thus far, Nokia is the only European stock that experienced such stock price increases. After testing the 2020-2021 support line in the 90.30/40 area, DXY embarked on an upside move that now trades at shouting distance from the key barrier near the 91.00 yardstick. Asian manufactures such as Samsung became Apple's main competitor but Nokia (NOK) failed to move with the times. Feel free to step forward and ask us about your ban. Most importantly, Free Cash Flow has turned positive. Nokia reported modest results on Feb 4 with EPS and Revenue coming in mostly unchanged from a year earlier. Nokia, BlackBerry, and Bed Bath & Beyond are also seeing stock rises that are likely linked to this Reddit group. NOK shares are back to their more recent range, having given up all gains fuelled by the /wallstreetbets phenomenon. Now, the popular trading app Robinhood has placed its own trading halt on GameStop and other stocks targeted by Reddit, including AMC, Blackberry and Nokia. Producing innovative and reliable handsets that were snapped up by consumers. Reddit's WallStreetBets hit by bots 05:49. All this has seen Nokia slide from its place as the biggest, most traded stock in the EuroStoxx with a share price near $60 in June 2000 to its current position where investors are excited by the share price nearly doubling from $4.50! The NYSE has been stopping and restarting the trading of the mentioned stock, with stock prices going up as high as 200% for AMC at the moment. GBP/USD is on the back foot, trading below 1.39 as the US dollar rises alongside yields and the "reflation trade." Blackberry, another dinosaur from the early age of mobile phone use, also coincidentally was targeted by the /wallstreetbets group. On Reddit’s WallStreetBets forum, amateur traders have promoted buying into the stock, in posts titled: “The real case for Nokia” and “Debunking common myths”. It starts at Rs. Over the past weeks, Reddit users have triggered increases in US stocks, pushing Nokia’s stock in Europe. The Nokia 5.3 is one of the lowest cost devices from the maker and gets you a stock Android experience for an affordable price. The author has no position in any stock mentioned in this article and no business relationship with any company mentioned. Opinions expressed at FXStreet are those of the individual authors and do not necessarily represent the opinion of FXStreet or its management. Key Details Thanks to coordinated efforts on Reddit, GameStop's stock rose from $4 in December to around $350 this week. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. Information on these pages contains forward-looking statements that involve risks and uncertainties. On Reddit, Facebook, Twitter, TikTok, and Discord, a group of investors launched NOK buying campaigns in order to increase the price of shares along with call options — gives buyers the right to buy the stock at a set price until a certain date. 13,999 in India and runs stock Android. The WallStreetBets stocks are mixed before the bell, with AMC (NYSE:AMC), up 25% premarket doing the best and GameStop (NYSE:GME) down 1%. US retail sales and the Fed's meeting minutes are eyed. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. NEW YORK – The trading frenzy this week over high-flying stocks like GameStop, AMC and Tootsie Roll has sparked concerns that the stock market is … Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.Any opinions, news, research, analyses, prices or other information contained on this website, by FXStreet, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. On Reddit, Facebook, and Twitter, a group of people launched NOK buying campaigns in order to increase the price of shares along with call options — gives buyers the right to buy the stock at a … Nokia was seen as a battered down, former tech behemoth, just waiting to regenerate. Markets await news on US stimulus and also Retail Sales figures for January. The whole initiative seems to originate from Reddit (and indirectly Elon Musk?). NOK did not give any guidance for the year ahead. Finnish Telecommunications provider Nokia was one of a handful of stocks caught up in Reddit-fueled short-squeeze attempts over the past few weeks as … ... AMC, Express and Nokia that retail investors can purchase in a single stock at a time. Please read our privacy policy and legal disclaimer. However, you will not be able to acquire new shares. As of early afternoon trading on Thursday, GameStop stock is deep in the red after jumping over 130% just the day before. The Fed's meeting minutes are due out later on. /r/Nokia is the main forum on Reddit that's connecting people for discussion about the Finnish company Nokia, as well as Nokia-branded products. So back to normality then! /r/Nokia is the main forum on Reddit that's connecting people for discussion about the Finnish company Nokia, as well as Nokia-branded products. Post-Market 0.01 (0.24%) By 1835 GMT Nokia shares were up 35%. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. The gaming company fell as much as 55 percent on … Next support at $3.85 is key to keeping the bullish tone intact. You should do your own thorough research before making any investment decisions. The Reddit-fueled trading craze could signal permanent changes to the stock market, RBC says. Whether an item is from HMD Global, Microsoft Mobile Devices Group, Foxconn, or from Nokia themselves, as long as it's an official product and it has the Nokia brand on the box, you can freely discuss it here. It starts at Rs. When Nokia released the 6.1 in 2018 (android 8.1) was it released with full disk encryption or file based encryption? The backlash to the decision has been fierce, with people lambasting Robinhood all over social media and people calling for shorting the stocks of their partner companies. Nokia was forced to issue a statement at the peak of the Reddit rally saying it had no reason for the surge in its share price and that its underlying business had not changed. Nokia is all about Connecting People, as the company's old slogan goes. DOGE will abandon the potential breakdown to $0.35 if it closes the day above the 100 SMA. By the way, what do you think of the Nokia Asha 302, does that phone support any of the above? Note: All information on this page is subject to change. Reddit's GameStop Stock Frenzy Represents a Complicated Challenge to Wall Street Capitalism. Press J to jump to the feed. The author has not received compensation for writing this article, other than from FXStreet. FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. ... Nokia (NYSE: NOK) Each of these companies has a wildly different business, but the story is similar. The IOMAP model and the network growth models suggest that recovery will not be a walk in the park. GameStop stock is plummeting but the Reddit rebellion is just beginning. Shares of Nokia tumbled as considerably as 10% on Tuesday as a wide Reddit-stock sell-off hurts effects, offsetting a recent analyst improve. Cookies help us deliver our Services. NOK is now only up 7% for 2021, closing on Friday at $4.22. Nokia was the biggest mobile phone maker in the world in the early days of the mobile phone industry. 2 hours Codiak Announces Pricing of $57.8 Million Public Offering of Common Stock Business Insider 2 hours Nikkei slips from over 30-yr high on profit booking; Toyota, chip shares shine Financial Post 2 hours Suncor Energy INC TSE: SU Reddit 2 hours I keep saying people saying "stick to your plan." GAMESTOP stock has plunged by over half and AMC has plummeted as the Reddit army phenomenon winds down. r/Nokia - Connecting people for discussions about the Finnish company Nokia and its products. Business Insider - Nokia Campus. Ben Winck. The open on Jan 27 of $4.99 is also resistance, being the starting point for the explosion. The stock purchasing has grown so out of control that Robinhood, a consumer stock trading app has barred purchases of stocks like Gamestop, Nokia, and AMC. UK inflation rose by 0.7% yearly in January, higher than expected. ET by Barron's Nokia Corp. … The S&P 500-stock index was largely flat less than an hour before the close of trading. Offline, GameStop ― and other stocks that have caught the eye of this community, like Nokia ― are now being referred to as “meme stock.” Reddit isn’t the only place where amateur traders chat, either. Improve your trading results with FXStreet Premium! Short sellers borrow a stock, sell the stock, and then buy the stock back to return it to the lender. FXStreet and the author do not provide personalized recommendations. 13,999 in India and runs stock Android. Due to the massive influx of stock-related posts, all posts about $NOK will be removed! The Reddit users pushed the stock up from $20 on 11 January to a high of $146.97. The use of this website constitutes acceptance of our user agreement. So where to from here? Reddit's r/WallStreetBets, which pushed GameStop stock to record levels, is now turning its attention to AMC stock, up 200%, Nokia, BlackBerry, and others — An online tug of war continues — Reddit traders who have successfully profited off GameStop (GME) stock are now turning their attention to struggling movie theater chain AMC.