Nokia (NOK) is lifting on buy out rumors by Microsoft (MSFT). A buy out of Nokia by Microsoft is an old rumor that is being regurgitated.
Nokia received six downgrades this morning. Nokia’s debt rating is being placed on review for a downgrade by Moddy’s (MCO).
It appears that those caught long in Nokia simply floated this rumor to run up Nokia.
Short-term traders appear to be selling into strength. If there is an actionable signal on Nokia or Microsoft, we will update the Real Time Feed of ZYX Buy Change Alert.
