Nokia Stock Is Surging. The Company Says It Can’t Explain It.

Shares of the communications infrastructure supplier Nokia have continued to soar—one of a growing group of stocks seeing outsize moves on the back of surging retail trading. The company said it has no news that would explain the rally.

Nokia stock (ticker: NOK) shares has rallied more than 70% this week—including gain of more than 50% on Wednesday—without any fundamental basis.

SOURCE : barrons