NOK is trading at $12.59, down 4.6% today as investors take profits following a strong seven-day rally.
- The recent surge was fueled by positive catalysts, including a new 5G partnership with Lockheed Martin for the U.S. Department of Defense and bullish analyst sentiment on its optical networking business as a key player in the AI data-center buildout.
- The stock's relative strength index (RSI) had recently entered 'overbought' territory, signaling a potential pullback was likely.