Nokia Corporation (ADR) (NYSE:NOK), the mobile-phone manufacturer struggling to stem losses amid plunging sales, lifted its stock-option plan in an offer to retain workers critical to its turnaround attempt.
The Espoo, Finland-based Nokia stated on Monday that Nokia, which announced its fifth straight quarterly loss on July 19, will grant added options to key senior level workers, though not for Chief Executive Officer Stephen Elop or his team of top executives. The actions boost the number of options Nokia aims to issue under its 2012 program to 11.5 million from 8.5 million.
The corporation, whose debt is ranked junk at the three biggest rating corporations, has reported over 20,000 job cuts and shuttered anticipations and research sites as it tries to counterbalance dropping revenue.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Research In Motion Limited (USA) (NASDAQ:RIMM) fell -1.97% to settle at $7.23, Alcatel Lucent SA (ADR) (NYSE:ALU) moved down -1.94% to end at $1.01 while Telefonaktiebolaget LM Ericsson (ADR) (NASDAQ:ERIC) declined -0.98% to finish on Monday at $9.13.
Nokia Corporation (ADR) (NYSE:NOK) on July 30, 2012 increased +2.84% to the closing price of $2.17. The overall volume in the last trading session was 38.13 million shares. Its fifty two week range was $1.63-$7.38. The total market capitalization remained $8.13 billion.
NOK is ahead its 52 week low with +33.13% and lagging behind from its 52 week high price with -68.25%. NOK last month stock price volatility remained 4.96%. In its share capital NOK has 3.83 billion outstanding shares among them 3.79 billion shares have been floated in market exchange. NOK stock institutional ownership remained 12.03%.
The stock price of NOK is moving forward from its 20 days moving average with +14.57% and remote negatively from 50 days moving average with -7.30%. NOK current year earnings per share experienced a downfall of -162.97% while its current quarter performance remained -35.80%. Company’s beta coefficient included 1.57. Beta factors measures the amount of market risk associated with market trade.
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