Nokia Executives Buy the Dip as Stock Sinks Into Oversold Territory
Published on 07/29/2026 at 14:31 | Redaktion boerse-global.de
Nokia’s top brass have been snapping up shares at a pace that signals conviction — even as the stock endures one of its worst stretches in years. Chairman Timo Ihamuotila purchased 60,000 shares on July 24 at a volume-weighted average price of €8.45, marking his third major buy of 2025. The move came as the stock had shed nearly 31% over the preceding 30 days, a sell-off that has now dragged the share price to €7.88, precisely on its 200-day moving average.
Ihamuotila wasn’t alone that day. Patrik Hammarén, head of the Technology Standards division, bought 43,293 shares at €8.442, while Pallavi Mahajan, the company’s AI chief, acquired 62,000 shares at $9.55. The transactions were disclosed on July 27 under EU market abuse regulations, two days before the latest trading session. Ihamuotila had previously purchased 100,000 shares at €5.374 in January and another batch in April, extending a pattern of insider buying through a year of volatile price action.
The purchases came just one day after Nokia reported its half-year results on July 23. Revenue rose 9% to €4.82 billion in the second quarter, with order intake hitting €2.8 billion, driven primarily by network infrastructure. The company’s AI and cloud business doubled year-over-year, a bright spot that underscores Nokia’s growing exposure to data center demand. Adjusted diluted earnings per share from continuing operations came in at €0.07.
Management reaffirmed its full-year guidance above the target range but flagged supply chain constraints and restructuring costs as headwinds. Nokia also warned that memory chip shortages could persist into 2027, limiting planning visibility for coming quarters. The company is reshaping its portfolio: the fixed wireless access CPE business is being sold to Inseego, and a sale of the Enterprise Campus Edge unit is considered highly likely. The board approved a dividend of €0.04 per share, payable August 6 with a July 28 record date.
Should investors sell immediately? Or is it worth buying Nokia?
Despite the operational progress, the stock has been hammered. Nokia is caught in a broad technology rout that has swept global markets. South Korea’s Kospi index plunged nearly 11%, the Philadelphia Semiconductor Index lost as much as 6%, and the Nasdaq-100 slid almost 10% from its record high. Investors have fled growth stocks amid mounting doubts about the profitability of massive AI investments by big tech companies. Nokia, whose business is increasingly tied to network infrastructure and data centers, has been swept up in the downdraft.
The technical picture is stark. The 14-day relative strength index stands at 29, signaling oversold conditions. The stock’s 50-day moving average sits at €11.41, more than 31% above the current price — a gap that illustrates how rapidly the sell-off has unfolded. The annualized 30-day volatility of nearly 67% reflects persistent market jitters.
Analyst views remain split. Deutsche Bank cut its price target from €13.50 to €11.50 but kept a buy rating. JPMorgan reaffirmed its overweight stance and raised its target for Nokia’s New York-listed shares. Goldman Sachs maintains a hold, Barclays a sell, while Craig-Hallum reiterated a buy. The consensus leans bullish, though the sector-wide sell-off has overwhelmed individual stock narratives for now.
Nokia at a turning point? This analysis reveals what investors need to know now.
The insider purchases were executed near the current price level, around €8.45. Whether they mark a turning point or simply reflect long-term conviction during a difficult stretch will depend on how Nokia’s growth in AI and cloud translates into sustainable earnings in the quarters ahead. For now, the stock sits at a critical juncture, testing its 200-day average with an oversold RSI — a zone where buyers may step in, or the broader market rout may continue to dictate the story.
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