Why These 5 Stocks Are Trending on Monday

2. Nokia Oyj (NYSE:NOK) has risen 5.2% as of 12:19 PM ET after the Finish multinational consumer electronics, IT infrastructure, and telecommunication company was upgraded from a Market Perform to an Outperform rating with a target price of $6.50 by Simon Leopold at Raymond James. The analyst observes an ‘improving competitive situation’ and the management having the confidence to rebuild the business. In the last 12 months, the stock price of Nokia Oyj (NYSE:NOK) has increased by nearly 20% and has outperformed the NASDAQ Composite Index, which experienced a decline of 4.6% during the same period. Overall, 26 hedge funds held a stake in Nokia Oyj (NYSE:NOK) at the end of Q4 2021.