Nokia Corp is trading 4.2% down today at $13.98 on profit-taking following a sharp rebound in the previous session.
- The stock surged yesterday on reports that U.S. officials are urging NATO allies to remove Huawei equipment from critical infrastructure, which boosted expectations for Nokia’s 5G and network gear demand.
- Today’s pullback appears to be a normalization of the share price, as no new company-specific headlines or guidance changes have emerged in major news sources so far.