Taking this into account, Barclays downgraded its Nokia Corp ADR [NOK] rating to an Underweight from a an Equal weight in a research note published recently. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in mid January with a ‘”a Neutral”‘ rating. Goldman also remained covering NOK and has decreased its forecast on December 18, 2023 with a “Neutral” recommendation from previously “Buy” rating. Jefferies revised its rating on December 08, 2023. It rated NOK as “a Hold” which previously was an “a Buy”.
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Price Performance Review of NOK
On Tuesday, Nokia Corp ADR [NYSE:NOK] saw its stock jump 0.23% to $4.41. Over the last five days, the stock has gained 0.23%. Nokia Corp ADR shares have risen nearly 28.95% since the year began. Nevertheless, the stocks have risen 25.64% over the past one year. While a 52-week high of $4.52 was reached on 08/29/24, a 52-week low of $2.94 was recorded on 04/15/24. SMA at 50 days reached $4.22, while 200 days put it at $3.80.
Levels Of Support And Resistance For NOK Stock
The 24-hour chart illustrates a support level at 4.38, which if violated will result in even more drops to 4.34. On the upside, there is a resistance level at 4.45. A further resistance level may holdings at 4.48. The Relative Strength Index (RSI) on the 14-day chart is 58.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.86%. Stochastics %K at 42.86% indicates the stock is a holding.
How much short interest is there in Nokia Corp ADR?
A steep rise in short interest was recorded in Nokia Corp ADR stocks on 2024-09-30, growing by 23.23 million shares to a total of 47.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 24.57 million shares. There was a rise of 48.6%, which implies that there is a positive sentiment for the stock.
