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HELSINKI - Nokia (HE:NOKIA) Corporation (NYSE:NOK) announced a transaction by board member Timo Ihamuotila, who acquired a total of 100,000 Nokia shares on Tuesday. The transaction was reported in accordance with Article 19 of the Market Abuse Regulation.
The shares were purchased through several trading venues, including AQED, BEUP, CEUD, DHEL, JNSI, SGMU, TQEM, and XPAC, with the average purchase price across all venues being €4.4045 per share. This purchase by a high-level insider is often seen as a sign of confidence in the company’s future prospects.
Nokia, a leader in the technology sector, has been at the forefront of developing network solutions that are intelligent and responsive to the needs of a connected world. The company has a strong foundation in fixed, mobile, and cloud network solutions, and has been innovating in these areas for over a century. Nokia’s commitment to creating value through intellectual property rights and research and development is spearheaded by the renowned Nokia Bell Labs.
The company’s network solutions are designed to integrate seamlessly with various ecosystems, offering opportunities for commercialization and scalability. Nokia’s reputation for performance, sustainability, and security standards in its networks is trusted by service providers, enterprises, and partners globally.
The transaction details provided by Nokia indicate a continued investment by its leadership in the company’s stock, which may be of interest to investors and market watchers. The company’s focus on developing future digital services and applications, in collaboration with its partners, aligns with its long-term growth strategy.
This news is based on a press release statement from Nokia, detailing the acquisition of shares by board member Timo Ihamuotila.
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