Nokia's Turbulent Stock Performance: A Historical Analysis

Strategic Insights -

Nokia's stock has experienced a rollercoaster of changes in the past decade, with numerous analyst actions impacting its share price. From RBS's downgrade to sell in 2011 to Morgan Stanley's upgrade to Overweight in 2007, various investment firms have significantly influenced Nokia's stock performance.

Key Takeaways:

  • Between 2009 and 2011, Nokia's stock experienced a downward trend, with significant losses in February 2011, narrowing the pre-market loss of 3.59% to 3.5% after RBS cut its rating to sell from buy.
  • Morgan Keegan's downgrade to sell from neutral in September 2010 resulted in a 1.5% loss in shares during the regular session.
  • Goldman Sachs raised its target price in October 2010, causing a 1.3% gain in shares during the pre-market.
  • Throughout 2009, several firms downgraded or upgraded Nokia's stock, with RBS downgrading to Hold vs. Buy in October and Credit Suisse cutting to Underperform from Outperform in September.
  • UBS downgraded to Hold from Buy in August 2009, while Goldman Sachs downgraded to Neutral from Buy on the same day.
  • Between 2007 and 2008, Nokia's stock experienced a mix of upgrades and downgrades, including Morgan Stanley's upgrade to Overweight and JPMorgan's coverage initiation at Overweight.
  • ABN Amro cut to Hold from Buy in October 2007, while Enskilda cut to Hold from Buy in the same month.

Statistics:

  • Pre-Market loss on February 22, 2011: 3.59%
  • Regular Session loss on February 22, 2011: 3.5%
  • Number of analyst actions impacting Nokia's share price: 27 between 2007 and 2011
  • Upside-downside sway of analyst actions: 12 actions resulted in Nokia shares paring gains or losses, while the remaining 15 actions caused the shares to move in the same direction
  • Specific names of firms influencing Nokia's stock performance: RBS, Morgan Keegan, Goldman Sachs, UBS, Morgan Stanley, JPMorgan, Credit Suisse, ABN Amro, Enskilda, and WestLB

Sources:

  • MidnightTrader
  • COMTEX
  • www.mysmartrend.com
  • Comtex SmarTrend Alert
  • Comtex News Network, Inc.