Nokia (NOK) Stock Higher After Naming Rajeev Suri CEO

Shares of Nokia Corp. (NOK) were up +0.54 or +7.68 percent to $7.57 per share in pre-market trading this morning, after the company announced it was naming Rajeev Suri to be Nokiaâ s new chief executive officer. Suri replaces Stephen Elop, who returned to Microsoft (MSFT) after Nokia sold its handset division to Microsoft last September.

Nokia stock closed at $7.03, down -0.24 or -3.30 percent in Mondayâ s regular trading session.
Espoo, Finland based Nokia Corp. is a multinational corporation providing wireless network equipment and Internet services which include applications, games, media, music and messaging services. The company was formally the worldâ s second largest smartphone maker after Ericsson until the handset division was sold to Microsoft last September for $7.5 billion. The deal was finalized on April 25th. In addition to naming it new CEO, Nokia also reported a net loss, in the last quarter the company reports that includes cellphones. The company reported a net loss of -â

Published on Apr 29, 2014
By Jay Hawk
Jay Hawk
Jay Hawk enjoyed a 12-year professional financial markets career incorporating extensive first hand futures and options experience obtained by trading in the stock, commodity and forex markets on U.S. exchanges. Since retiring as a full-time financial market professional, he has been actively trading stock, commodities, forex and options for his own account and managing funds for others, as well as writing financial market commentary and educational articles.

Copyrighted 2016. Content published with author's permission.

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