After hitting record low Nokia shares run up 40% in last 2 weeks


Something very out of the ordinary is happening to Nokia’s share price these last 2 weeks – it is going up.

After hitting lows it last saw in the 1990’s, the share price has rallied from $1.69 on the 17th to $2.35 today, a whole 39% over the course of around 14 days.

The reason for the boost is not really clear, but it may be that investors feel that the worst is now behind the company, and that their fears related to the lack of a WP8 upgrade to current handsets have not been realized after all.

$2.35 is of course still very far their peak of $56.06 in April 2002, but at least the company is moving away from their other record, the record low of the last decade 2 weeks ago.

Do our readers think the company can make it back into the teens? Let us know below.

Thanks Milad for the tip.

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