Nokia's stock price jumps up after reports of Lumia sellouts

The launch of the new Windows Phone 8-based Lumia 920, 820 and 822 smartphones is being viewed as a success, at least for now. That has caused the price of Nokia's stock to go up today during trading in Europe.

Bloomberg reports that shares in Nokia were up as much as 5.5 percent in trading today. Some people have speculated that the price went up thanks to a post today on the company's German Facebook page, which said that the company's flagship Lumia 920 was already sold out in many areas of Germany. The Facebook message added that Nokia was working to get all of the different models of the Lumia 920 into Germany "as quickly as possible."

Here in the US, the Nokia Lumia 920 is an exclusive for AT&T. A quick check of the AT&T website today shows that the black and white versions of the smartphone are still available but that the red, cyan and yellow models are still out of stock, as they were when we last reported on Lumia 920's availability three days ago. The cheaper Nokia Lumia 820 is shown as being in stock on AT&T's website as of this writing.

Source: Bloomberg | Image via Nokia

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8 Comments

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Inventory is very very thin. The Microsoft Store in Time Square has finally started to sell phones (as silly as that sounds). When I asked the store clerk about the "yellow 920" he said that he is waiting for it as well. He told me to forget my dreams of ever getting the Matte Grey in this life time

Clearly Nokia underestimated the demand, poor supply chain planning on their part.

THE_OBSERVER said,

really, what did you buy at and sell at?

Bought at $2.57 and sold today at $2.93, for a total gain of about $850.

I'm really just waiting for it to drop off a few cents from today's high to hopefully repurchase. Hopefully I haven't made a mistake.

rfirth said,

Bought at $2.57 and sold today at $2.93, for a total gain of about $850.

I'm really just waiting for it to drop off a few cents from today's high to hopefully repurchase. Hopefully I haven't made a mistake.

Trailing stop order FTW!

rfirth said,

Bought at $2.57 and sold today at $2.93, for a total gain of about $850.

I'm really just waiting for it to drop off a few cents from today's high to hopefully repurchase. Hopefully I haven't made a mistake.

Nokia is such a easy play lately. Continuously it goes up, then crashes a little then goes up then crashes a little. its been going from 2.40-3.20? for quite some time now, and it is an easy way to make money! Best entry was at the 1.60 :-)