On June 30, Nokia rose 3.07% in regular trading, trading at $13.425/share, with turnover of $141 million.

The rebound follows a sharp selloff from June 26 to 29, during which Nokia lost over 15% as investors took profits after the realization of earlier catalysts, including AI network partnerships with Amazon Web Services and Google Cloud. The steep decline pushed the stock into oversold territory, triggering buying interest for a short-term technical recovery.

Supporting the bounce, Barclays raised its target price for Nokia from €8 to €8.5 on June 29, providing a floor for market sentiment. Additionally, the broader communication equipment sector stabilized on the day, with Lumentum gaining 0.07% and Ciena rising 0.29%, significantly easing the prior sector-wide selling pressure that had amplified Nokia's losses in the preceding sessions.

(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.)