🔴 NOK is trading 4.6% down today as investors take profits after a seven-day rally

NOK is trading at $12.59 (-4.6%) in pre-market as investors take profits following a sharp seven-day rally.

• The stock surged from $11.30 on April 28 to $13.19 yesterday, driven by a new 5G partnership with Lockheed Martin for the U.S. Department of Defense.
• Momentum was previously bolstered by raised 2026 guidance and a $15 price target from Argus, alongside strong sentiment regarding optical/IP growth.
• Today's retracement comes despite a relatively calm broader market, with pre-market futures trading up 0.2%.