Nokia shares rose 6.65% as traders increased bullish options activity, with the stock closing at $8.82. The surge coincides with the company's restructuring efforts and expansion in optical networking.
- Nokia's stock closed at $8.82, up 6.65%.
- Trading volume reached 88.7 million shares, 91% above the three-month average.
- Call option volume surged to over 58,000 contracts, 27% above typical levels.
- Nokia is restructuring by cutting 4,000 jobs and expanding optical networking through the Infinera acquisition.
- Investors are watching for signs that demand for optical equipment will drive higher sales.
- The S&P 500 and Nasdaq Composite both saw modest gains on Thursday.
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