NEW YORK (AVAFIN) -- Institutional trading of Nokia Corporation shares yielded a bought/sold volume ratio of 1.11.
A total of 952 block trades crossed the tape, resulting in 11,359,001
shares on the buy side vs. 10,234,237 shares on the sell side. From a cash flow perspective,
this implies that there was a cash inflow of $42,626,754 and a cash outflow of $38,317,500.
The net cash flow for NOK is $4,309,253, demonstrating that institutions may
have positive outlook on the stock.
View all Block Trading Activities
Options traders were busy as well, a total of 105,922 call and 12,589 put contracts were traded
yesterday yielding a 0.12 put/call ratio.
Nokia essentially bet the company on the success of the Windows Phone platform, and it could be in a perilous position if Windows fails to gain adoption in the smartphone market in the next couple of years.
Additionaly, Even if Windows Phone were to be successful, competitors like Samsung may focus more on this OS, thus limiting Nokia's ability to generate excess profits from its partnership with Microsoft.
Shares of Nokia Corporation closed at $3.75, down $0.13 (3.35%) in the last trading session.
Today's volume of 89M shares is greater than the average volume of 50M
shares.The technical momentum Relative Strength Index indicator shows overbought conditions. NOK is trading above the 50 day moving average and higher
than the 200 day moving average. The stock's 52 week low is $1.63 and 52 week high is $5.87.