Nokia (NYSE:NOK) Stock Hikes in Premarket on Lumia line Successes; Lumia 800 Secures Top Spot – ALU, QCOM, HPQ, T, MSFT, RIMM, CSCO, AMD

United States-listed shares of Nokia Corporation (ADR) (NYSE:NOK) hiked over 6% in premarket trading session, following gains observed in Helsinki. Numerous articles in recent days have come out detailing indications of strength in the mobile maker’s latest Lumia line.

Elisa, largest mobile carrier in the Finland, has announced their sales rank for December and for the whole of fiscal year 2012.

As projected Nokia phones feature outstandingly, and the Nokia Lumia 800 has secured the best position on the list for consumers and the second position in Business after a Nokia feature phone.

Elisa data confirms that Nokia Lumia 920 did quite well for December.

Its competitors include Alcatel Lucent SA (ADR) (NYSE:ALU) that moved up +1.44% to $1.41 with the total traded volume of 4.47 million shares and QUALCOMM, Inc. (NASDAQ:QCOM) that surged +3.70% to $64.15 with the total traded volume of 3.85 million shares.

Other technology stocks with bullish trend include Hewlett-Packard Company (NYSE:HPQ) up 4.91% to $14.95, AT&T Inc. (NYSE:T) up 1.81% to $34.32 and Microsoft Corporation (NASDAQ:MSFT) up 2.25% to $27.31, Research In Motion Limited (USA) (NASDAQ:RIMM) up +2.27% to $12.14, Cisco Systems, Inc. (NASDAQ:CSCO) up +2.57% to $20.16 and Advanced Micro Devices, Inc. (NYSE:AMD) up +5.00% to $2.52.

Nokia Corporation (ADR) (NYSE:NOK) surged 4.18% or $0.16 to trading at $4.11 following it hit intra day high level of $4.20. The total traded volume in the current trading session is13.78 million shares as compared to average 63.99 million shares. Its fifty two week trading range is $1.63 – $5.87. The total market capitalization reached $15.43 billion.

The stock price was ahead its 52 week low price with 153.99% and it lagged behind -23.82% from its 52 week maximum mark. Stock price volatility for last month remained 4.10%. In its share capital, the company has 3.83billion outstanding shares out of which 3.79billion shares have been floated in the market.

NOK presented a negative weekly performance of -1.00% with respect to its rate of return and it remained 18.98% for the month. However, the performance for a quarter experienced a positive change of 47.94% and it dropped -10.02% for a year and its year to date performance remained in red with -11.43%.

Current stock price is in the upbeat territory taking into account of 20 days moving average with +6.96% and continued bullish run for 50 days moving average with +26.53%. Its earning per share for the past twelve months was -$1.56. Company’s beta coefficient was at 1.55. Beta measures the amount of market risk associated with market trade.

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