What's Going On With Nokia Stock Today?

Benzinga01:10

Nokia Corporation (NYSE:NOK) shares, which moved higher in the premarket trading session on Tuesday as investors weighed fresh network-security product news and expanded 5G work in Indonesia, gave up ...

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Nokia and Indosat Ooredoo Hutchison announced a partnership to modernize Indosat's nationwide mobile network.\nNokia will support low- and mid-band 5G deployment across Indosat's network. Mid-band coverage is expected to reach about 80% of the network over the next 3.5 years.\nThe AI-ready network will support AI-RAN architecture and an AI Grid deployment with NVIDIA, with field trials expected by the end of 2026.\nNokia will provide Habrok and Pandion radios, Levante basebands, Centralized RAN, and network automation platforms. CEO Justin Hotard said the partnership will help build a network that \"expands 5G, enables new AI-driven services and creates long-term value.\"\nNokia is consolidating just below its 20-day SMA ($14.93), with shares about 0.3% under that level. A reclaim could support near-term momentum, while failure may point to a rollover.\nThe broader trend remains constructive, with the stock trading 21.1% above its 50-day SMA ($12.29) and 90.5% above its 200-day SMA ($7.81). Momentum is neutral, with RSI at 52.10, suggesting the stock is neither overbought nor oversold.\nThe bullish 20-day-over-50-day setup and October 2025 golden cross keep the longer-term bias positive, though the stock appears to be digesting gains after a 168.69% 12-month run.\nThe next major catalyst for the stock arrives with the July 23, 2026 (estimated) earnings report.\nAnalyst Consensus & Recent Actions: The stock carries a Buy rating with an average price target of $11.50. Recent analyst moves include:\nNOK Price Action: Nokia shares were down 9.25% at $13.24 at the time of publication on Tuesday, according to Benzinga Pro data.\nPhoto: Mercurious / Shutterstock\nThis content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2642949684","isCrawlerRequest":true}