Microsoft News

Microsoft 'betrayed' Finland, says Finnish finance minister of layoffs

Rumors

Microsoft's aiming for flagship Windows Phones, killing Nokia X but selling MixRadio

Apps

New Treasure Tag app update ditches the 'Nokia' brand

Microsoft News

Rumor claims 1,000 former Nokia employees in Finland could be laid off by Microsoft

Apps

New Nokia MixRadio update ditches the 'Nokia' brand

Windows Phones

Lumia 930 pre-orders begin in Norway Wednesday for July 10 launch

Windows Phones

Microsoft Store US site pulls pre-order listings for Nokia Lumia 635

Apps

Nokia Imaging SDK 1.2 released, Lumia SensorCore SDK out of private beta

Windows Phones

Nokia Lumia 635 for AT&T and T-Mobile available for pre-order at US Microsoft Store site

General News

Microsoft teases possible launch date of a green Lumia or successor to the X

General News

Microsoft partners with British designer to create wireless charging pants

Microsoft News

Beat Nokia by predicting world cup games in Sporting Mouth to win some awesome prizes

General News

Lumia 930 availability on Ireland's Meteor pushed back to mid-July

Microsoft News

Nokia brand names Lumia, ClearBlack, PureView, and others now belong to Microsoft

General News

Lumia 1320, 630 availability expand to Argos Ireland

General News

Nokia Ireland confirms Lumia 930 launch on July 3

Windows Phones

Nokia Lumia 635 going on sale in Singapore on Saturday

Apps

Nokia updates Network+ again

General News

Nokia buying Medio Systems to improve its HERE maps service

Windows Phone News

Nokia Lumia 930 confirmed to be coming soon to Ireland on Meteor

33

Nokia stock is up again and Nokia's CEO is buying

WP Central

Nokia's stock is on the rebound

We don’t normally cover too much when it comes to company stock but Nokia was an interesting case only because it dropped so low in the last few months. In fact, it dropped to its lowest price ($1.63) in 15 years and made some investors edgy—after all, if you go too low the company becomes financially meaningless and can get de-listed.

Nokia though was always a mixed bag with analysts noting that Windows Phone 8 could be its savior because the company can be unleashed with limitations on hardware lifted. Combined with the drastic cuts in the company, which unfortunately translates into layoffs, investors are now coming around....

Nokia’s stock has rallied to $2.36 a share today, which is a up nearly 9% from yesterday. We noted the apparent rebound last week when the stock jumped 10% and that trend seems to be continuing.  The stock is doing so well, even Nokia CEO Stephen Elop reportedly just acquired 275,000 shares, bringing total holdings to 425,000, while new Chairman Risto Siilasmaa bought 333,000 shares in the struggling company.

WP Central

Nokia's stock has had a great last 10 days

That seems to be good news as it shows even the CEO and Chairman have high hopes and expectations for Windows Phone 8 with their money being put on the table.

It seems that although current Lumia phones won’t be getting Windows Phone 8 the media are already salivating over September when Nokia is expected to unveil their new WP8 hardware and perhaps even a tablet for Windows 8 RT. Such forward-looking momentum is exactly what the company needs as it struggles for a comeback.

Source: WSJ; via Street Insider

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Comments

There are 33 comments. Sign in to comment

Evster88 says:

You have one pleased shareholder here!

CheesyJif says:

It's good to see that the CEO and chairman support this company! Nokia will succeed and we will see more awesome designs, apps, and features!

tranthe says:

I believe that Lumia phone will continue making a huge success with Windows Phone 8.

SteggyDad says:

I bought $200 of Nokia last month just un a hunch it could re-bound and hopefully make a  quick double oor mor eon my oney. Looking good so far.

BK-one says:

Same here, I dropped $500 when it was at 1.84 each. In it for the long haul

Bushybro says:

Bought a hundred shares when it went under 2, go Nokia!!!!

loribinca says:

I got 200 shares a few weeks ago when it was  $1.93 ... I'm already ahead !! 

ZuNuKoo says:

Wish I had half a million laying around to buy as many shares as they did.

Darrn, I'm due to buy some this Friday. Oh well, very happy for them though.

dlusted says:

Same here.... But won't be able to now I get less for my £

theefman says:

Can anyone post any recommended sites to buy stock for a first time buyer? Want to get in on the Nokia goodness as well!

diplomat696 says:

yeah I was about to pull the trigger on $500 when it was $1.69 a share and something came up unexpected so I couldn't, kicking myself right now.

Lx23 says:

Another + 1 for Nokia

Bruno H says:

Good for Nokia.

Just wish that the vultures at the tv news could report this. They were fast to report the stock falling, but now... Nothing. Well my stock is growing at least :-).

pbroy says:

I put $3000 in in the last 2 weeks. I'm up $700 now. Just trying to figure out if I want to sell now and buy again if/when it drops.

LastBattle says:

I just snaged up 1830 Nokia Shares at 2.37 USD too, totalling at around 4700 USD.
Currently have 11,000 shares. :D

jabtano says:

We did buys at $4.00-3.50-2.50-Then 3x times the amount we owned at $1.69. for just under 31k in shares. did this for the long term really..

How do I get shares?

ramaus says:

Walk into any large (I use Wells Fargo) bank and tell them you have money to buy stock. They will be happy to help you. They love people with money walking thru the door.

mrolympia74 says:

Awesome news. I wish I bought some shares. I was about too but my wife is just too damn scared. I might just go it anyways. I wouldn't mind putting $2000 down

ShaunKL says:

I wonder if someone at Nokia was responsible for the SDK leak.

LA6507a says:

What app is that?  Looks pretty sweet!

cedarlog says:

i hope it rise more and more
wishing the best for nokia

renisans says:

Hopefully the thermonuclear litigation btwn Sammy and Apple will leave consumers desiring a third option. Hey presto! WP8 and Nokia. Seriously Daniel, any thoughts about the benefits to WP from the goings-on in San Jose this month?

blackprince says:

I'm hoping Apple hurts Samsungs Android prospects and consumers, OEM's & carriers alike see WP8 as a better and legal alternative.

paulheu says:

Well, as a Dutch saying goes; Where two dogs fight over a bone a third will take off with it.. Here's hoping..;)

Apoc says:

Thinking I will be buying some more shares as they weeks go on, before WP8 is released. Of course, this is for long term.

Dannay says:

Wish I knew how to buy into stocks haha