News / Business
NOK, MOT, PALM are The Top Losers from Telecommunications Sector
Telecommunications Stocks
Nokia Corporation (ADR) (NYSE:NOK) is one of the most active losers in early trade as it plunges over 11.57% to $13.61 on huge volume of 55.42 million shares after Sales of the company's phones and networking equipment fell sharply and Nokia reported a $836 million loss. Nokia Corporation is engaged in the manufacturing of mobile devices and in converging Internet and communications industries.
Motorola, Inc. (NYSE:MOT) fell 4.76% to $8.01 on huge volume of 15.08 million shares on no news. The Stock hit an intraday high of $8.34 while an intraday low of $7.91. So far the stock prices jumped over 64% in last six months of trade. Motorola, Inc. is engaged in providing technologies, products and services for mobile phones.
Palm, Inc. (NASDAQ:PALM) corrected 3.36% to $16.37 on over 2.35 million shares on on no news. The Stock hit an intraday high of $16.83 while an intraday low of $16.33. So far the stock prices jumped over 77% in last six months of trade. The stock has a 52-week range of $1.14 to $18.09. Palm, Inc. is a provider of mobile products for individual users and business customers worldwide. Palm’s products for consumers, mobile professionals and businesses include Palm Pre, Treo and Centro smartphones, as well as software, services and accessories.
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