On July 13, Nokia declined 3.14% overnight, trading at $12.08/share, with turnover of $994,000.

On the news front, Nokia disclosed on July 9 that a total of 43,552,813 company-held shares were transferred, alongside a managers' transaction notification (Fisk) under EU Market Abuse Regulation. The large-scale share movement continues to exert selling pressure on the stock. Nokia had previously surged over 5% on July 9 following its defense unit's AI partnership with NestAI and Bank of America raising its target price from 14.4 euros to 15.6 euros, but the stock has since retreated as short-term profit-taking intensified.

The broader Communication Equipment sector also weighed on sentiment, with Lumentum Holdings down 2.61%, Applied Optoelectronics down 2.46%, Ciena down 2.11%, Arista Networks down 1.69%, and Cisco down 0.26%, reflecting broad-based sectoral weakness that amplified Nokia's decline.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)