Every once in a while, a stock I’ve long since relegated to the dustbin of history will surprise me. Nokia’s (NOK) bullish price surprise on Monday did just that.
I can’t remember when I last wrote about the Finnish telecom equipment giant. It has to be more than five years. NOK hasn’t traded above $10 since March 2011. In the years since then, it has traded as low as $1.63 in July 2012 and as high as $9.79 in January 2021. It hasn’t gotten anywhere close to its November 2007 20-year high of $42.22.
