(CercleFinance.com) – Nokia shares are down this morning after their impressive speculative run yesterday, which saw the stock skyrocket by more than 20%.
Shares are currently down 10% on Euronext Paris, although they are still up 21% this week.
Nokia made a statement late yesterday, commenting on the stock’s recent activity on the stock market.
In the press release, the Finnish company said it was not aware of any news that could explain the recent jump in its price, or trading volumes.
The frenzy stems from the fact that Nokia, along with video game chain Gamestop and Canadian cybersecurity company BlackBerry, recently became one of the favorite stocks of r / wallstreetbets, a Reddit forum that brings together day traders who oppose to the short selling strategy of hedge funds.
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