Nokia stock falls 3% to $10.03, but analysts remain bullish with a consensus Buy rating and $14.67 average price target.
Nokia Corp.
(NYSE:NOK) stock fell more than 3% on Friday as investors reduced exposure to technology stocks during a broad market sell-off.
The Nasdaq dropped 1.85%, while the S&P 500 declined 1.11%.
The company is also approaching a key catalyst.
Nokia is scheduled to report second-quarter results on July 23, which could increase volatility as traders adjust positions ahead of earnings.
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