Nokia (NOK) Stock Soars 1.32% on 5G Breakthrough

Nokia's (NOK) stock price surged to its highest level since April 2025 today, with an intraday gain of 1.32%.

The strategy of buying Nokia (NOK) shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 4.46% annualized return and a 21.46% peak-to-trough gain. However, it underperformed the market with a 3.54% annualized return and a 21.46% peak-to-trough gain, compared to the S&P 500's 7.24% annualized return and 38.72% peak-to-trough gain. The beta of 0.96 indicates the strategy's moderate volatility relative to the market. Overall, while the strategy provided a reasonable return, it lacked the market's vigor.

Nokia's recent stock price movements have been influenced by several key developments. In March 2025, Nokia, in collaboration with Telia and the Finnish Defense Forces, achieved a world-first seamless handover of a 5G standalone network slice. This breakthrough underscores Nokia's leadership in 5G technology and its applications in defense, positioning the company as a pioneer in this critical area.

Additionally, Nokia's stock has seen a boost due to significant insider buying and the successful deployment of new technology. These actions have instilled confidence among investors, despite analysts adjusting near-term earnings expectations. The combination of strategic advancements in 5G technology and internal confidence in growth prospects has contributed to the recent positive momentum in Nokia's stock price.