NOK is trading at $7.27 (+3.4%) today, rebounding from recent weakness as markets stabilize following earlier geopolitical volatility surrounding Iran's Strait of Hormuz closure.
- The stock has recovered from deeply oversold RSI conditions (RSI14: 11) that typically precede bounces, suggesting technical strength and short-covering in the communication equipment sector.
- Nokia's gain aligns with a modest market recovery, outperforming the S&P 500 (+0.1%) and the Nasdaq (-0.06%) despite a lack of company-specific news.