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