Nokia Corporation (NYSE:NOK) Moves Lower Ahead of the Bell

Nokia Corporation (NYSE:NOK) shares are moving lower ahead of the market open, gapping down -2.85% as the stock currently sits at $6.13 before the bell.

There are many factors that may influence stock price action. One of the most influential factors is company earnings. Company earnings reports can be extremely important for investors. Earnings reports have the ability to let investors know how well or poorly a company has been performing. Investors may try to capitalize on trading around earnings announcements. This can be a very tricky venture and may be quite risky. Studying stock price movements around earnings reports can sometimes be confusing. Often times a company will post better than expected numbers but the stock will drop in price. On the other side, shares may see a bounce even after disappointing results. Analysts try to project what numbers the company will post, but they may not be accurate for a variety of reasons. Following analyst estimates around earnings reports may be helpful, but it may be wise to proceed with caution if only going on what the analysts are saying.

A gap is a space between prices that occurs when the price of a stock makes a move down or up when there is no trading happening in between. 

Recent Price History

Nokia Corporation (NYSE:NOK)’s performance this year to date is 31.19%.  The stock has performed 0.80% over the last seven days, -0.32% over the last thirty, and 19.96% over the last three months.  Over the last six months, Nokia Corporation’s stock has been 32.84% and 6.59% for the year.

SMA

The simple moving average is the most common method used to calculate the moving average of prices. Nokia Corporation’s 20-Day Simple Moving Average is -2.60%.  Extending back, their 50-Day Simple Moving Average is -2.90%, looking even further back, their 200-Day Simple Moving Average stands at 15.55%.  

Disclaimer: Nothing contained in this publication is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.

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