Nokia Corp. ADR falls Friday and underperforms the market

by

The Nokia Corp. ADR NOK,
-1.21%
Declined 1.21% to $ 4.07 on Friday, on what turned out to be an all-round favorable trading session for the stock market, with the NASDAQ Composite Index COMP,
+ 0.07%
an increase of 0.07% to 13,874.46 and the Dow Jones Industrial Average DJIA,
+ 0.00%
rising 0.00% to 31,494.32. Nokia Corp. ADR closed down $ 5.72 from its 52-week high ($ 9.79), which the company hit on Jan. 27.

The ADR underperformed compared to some of its competitors on Friday, such as BlackBerry Ltd. BB,
-0.37%
fell 0.37% to $ 10.90, Apple Inc. AAPL,
+ 0.12%
increased 0.12% to $ 129.87, and Motorola Solutions Inc. MSI,
-0.11%
decreased 0.11% to $ 182.75. The trade volume (28.1 million) remained 71.5 million below the 50-day average volume of 99.6 million.

Source