On July 30, Nokia Oyj rose 7.97% in regular trading, trading at $9.095/share, with turnover of $168 million. The stock is experiencing an accelerated oversold rebound after two consecutive sessions of steep declines totaling over 10%.

On the news front, Nokia released better-than-expected Q2 results on July 23, with adjusted comparable operating profit reaching EUR 4.34 billion, up 18% year-over-year and significantly exceeding the market consensus of EUR 3.82 billion. AI and cloud business orders reached EUR 28 billion, with sales more than doubling year-over-year. The company also raised its full-year comparable operating profit guidance to EUR 2.1 billion to EUR 2.6 billion. However, following the earnings release, the stock encountered heavy sell-the-news pressure, declining from approximately $10.28 to $8.48 over July 28-29, breaking below the prior $9.3 support level. The current intraday surge indicates that after short-term selling pressure was fully exhausted, capital inflows have intensified markedly, with oversold rebound momentum accelerating.

(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.)