Nokia is trading at $7.86 (-4.84%) amid a sharp broader market decline triggered by escalating Middle East tensions and surging oil prices.
- Major indices fell over 1.9% following reports of Iran's closure of the Strait of Hormuz, sparking a shift toward risk-off sentiment and supply concerns.
- The pullback follows a 6.99% gain to $8.26 on March 2; the move aligns with overbought technicals after the recent AI-driven rally.
- There is no company-specific news today, with the stock's performance tracking the wider market downturn.