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Why Nokia Stock Dived by Almost 6% on Monday


1 week ago 26
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Investors often get excited when their companies announce and/or launch share-buyback programs. That's because if they're well-considered and effectively managed, they can add value to the affected stock.

Alas, it doesn't seem like that's the case with Nokia's (NYSE: NOK) latest share-repurchase initiative. On news that it has been formally launched, investors traded out of Nokia's U.S.-listed shares, and they closed Monday nearly 6% lower in price. By contrast, the S&P 500 index landed in po...

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