NOK (Nokia Oyj) may reap gains as insiders became active recently


Following these proceedings, UBS downgraded its Nokia Oyj [NOK] rating to a Neutral from a a Buy in a research note published on Tuesday. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early November with a ‘”an Equal-weight”‘ rating. Barclays began covering NOK with “an Equal weight” recommendation on October 13, 2022. Redburn started covering the stock on September 26, 2022. It rated NOK as “a Buy”.

From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio

The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.

Get our free report, "Top 5 AI Stocks to Buy for 2023".


Price Performance Review of NOK

On Tuesday, Nokia Oyj [NYSE:NOK] saw its stock fall -1.50% to $4.60. On the same session, the stock had its day’s lowest price of $4.59, but rose to a high of $4.67. Over the last five days, the stock has lost -1.50%. Nokia Oyj shares have fallen nearly -0.86% since the year began. Nevertheless, the stocks have fallen -15.44% over the past one year. While a 52-week high of $5.59 was reached on 01/13/23, a 52-week low of $4.08 was recorded on 01/20/23. SMA at 50 days reached $4.71, while 200 days put it at $4.75. A total of 17.31 million shares were traded, compared to the trading of 14.45 million shares in the previous session.

Levels Of Support And Resistance For NOK Stock

The 24-hour chart illustrates a support level at 4.57, which if violated will result in even more drops to 4.54. On the upside, there is a resistance level at 4.65. A further resistance level may holdings at 4.70. The Relative Strength Index (RSI) on the 14-day chart is 43.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.26%. Stochastics %K at 28.99% indicates the stock is a holding.

How much short interest is there in Nokia Oyj?

A steep rise in short interest was recorded in Nokia Oyj stocks on Jan 12, 2023, dropping by -0.79 million shares to a total of 12.95 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 13.74 million shares. There was a decline of -6.1%, which implies that there is a negative sentiment for the stock.

Nokia Oyj [NOK] – Who Are The Largest Shareholders?

In filings from Artisan Partners LP, it is revealed that the company now owns 82,227,018 shares, or roughly 1.46% of the outstanding NOK shares. In other words, the investor’s shares have fallen by -2,298,862 from its previous 13-F filing of 84525880.0. Additionally, Neuberger Berman Investment Advis decreased -2.58% of its stake after which the total value it holdings stand at $141,816,874, while Millennium Management LLC added 54.99% of its stake to hold $132.06 million in the firm. Over the last quarter, Renaissance Technologies LLC purchased 2,176,100 shares of Nokia Oyj, while Arrowstreet Capital LP bought -977,604 shares. At present, Folketrygdfondet is holding 16,638,637 shares valued at $79.2 million. Newton Investment Management Nort owned 15,174,436 shares of the company at the time of its most recent 13F filing, worth $72.23 million.


Please enter your comment!
Please enter your name here