Nokia Stock Skyrockets on 5G Contract Wins and Earnings Beat – Can the Rally Last?
Stock Price and Recent Performance Nokia’s stock (NYSE: NOK) has been on a tear in October, culminating in a sharp jump after its latest earnings. The U.S.-listed shares rallied over 10% in a single day on Oct. 23, surging to the mid-$6 range mexc.com. That price level hasn’t been seen since 2022, marking a multi-year high for the Finnish telecom giant. In Helsinki, Nokia’s share price similarly hit new highs above €5 mexc.com. This month-long uptrend was fueled by anticipation of strong results and a string of positive news. By mid-October, Nokia’s ADR had already climbed about 14% – touching ~$5.50