After steadily climbing today on volume over 2x its daily average, Nokia (NOK +13.7%) is at levels last seen in August. Optimism regarding Lumia 920 sales following some positive datapoints (I, II) could be a factor, though Swedish i-bank Handelsbanken cautioned this morning early Lumia 800/900 sales triggered a similar response. SA's Jacob Steinberg pointed out today net institutional ownership of Nokia has been rising.
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