Nokia sets a record and clarifies that it has no hidden secrets (dated 2023-06-07)
Summary
Exhibit 71 (Document 567-71) in Case 1:21-md-02989-CMA, entered on the FLSD docket June 7, 2023, is a three-page printout of a CE Noticias Financieras English article of January 27, 2021, headlined Nokia sets a record and clarifies that it has no hidden secrets. The article reports that NOK shares soared 47.8% in afternoon operations, the highest percentage gain in a day since trading began in February 1991, and that Nokia stated it has no knowledge of any undisclosed material corporate development that could explain the increase. It adds that trading volume reached 752.7 million shares against a full-day average of around 47.3 million, that the shares had been halted five times for volatility, and that Reddit activists also jumped on BlackBerry.
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- Date
- 2023-06-07
Cite this document
“Nokia sets a record and clarifies that it has no hidden secrets.”
Original at archive.org, dated 2023-06-07. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2023-06-07-covid-era-misc-26375a27-1/
, SHA-256 26375a2754fc5bb05ab7220d9408c7e831d4d95edf6e9e60ca158dfcc3265763.Full text
Case 1:21-md-02989-CMA Document 567-71 Entered on FLSD Docket 06/07/2023 Page 1 of 3
Exhibit 71
Case 1:21-md-02989-CMA Document 567-71 Entered on FLSD Docket 06/07/2023 Page 2 of 3
Nokia sets a record and clarifies that it has no hidden secrets
CE Noticias Financieras English
January 27, 2021 Wednesday
Copyright 2021 Content Engine, LLC.
All Rights Reserved
Copyright 2021 CE Noticias Financieras All Rights Reserved
Length: 327 words
Body
Nokia Corp's shares soared upwards in very volatile and active operations on Wednesday and the Finland-based
company clarified that"Nokia has no knowledge of any undisclosed material corporate development or material
change in its business or issues that have not been publicly disclosed that could explain the recent increase in the
market price or trading volume of its shares."
NOK shares soared 47.8% in afternoon operations to a maximum of five years. That is the highest percentage
gain in a day since it began trading in February 1991.
The increase, of course, caught the attention of specialists for the lack of explanation, on a very particular day for
the New York market, after a group of cyber-ists who clustered on the Reddit platform pushed a video game store
that knew how to see the glory when the titles were bought in physical format and just announced that it closes its
stores, so its actions were on the floor.
Mocking Wall Street: Reddit users jump actions Actions
In Nokia's case, the volume of trades soared to 752.7 million shares, well above the full-day average of around
47.3 million shares.
The company's shares had already been halted five times for volatility during afternoon operations, and they also
stopped once for the news broadcast before the company commented on the movement of the shares.
New York Stock Exchange
Nokia shares were the second most active on the New York Stock Exchange, behind only 941.2 million shares
traded on the AMC Entertainment Holding Inc.C of securities.
AMC was part of a group of actions that moved strong and also included GameStop Corp's GME, whose value
was triggered by the action of the cyber-ists of the Reddit platform.
Nokia shares recovered 64.9% in the last three months, while the S&P; 500 SPX index, -2.58% has gained
11.8%.
Reddit
Activists also jumped on BlackBerry. The group that promoted him is made up of more than two million people.
Case 1:21-md-02989-CMA Document 567-71 Entered on FLSD Docket 06/07/2023 Page 3 of 3
Nokia sets a record and clarifies that it has no hidden secrets
Load-Date: January 28, 2021
End of Document
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- gov.uscourts.flsd.590042.567.71.pdf
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- 68,059 bytes
- SHA-256
- 26375a2754fc5bb05ab7220d9408c7e831d4d95edf6e9e60ca158dfcc3265763
- Original
- archive.org