Top Execs Buy Shares In Nokia To Boost Confidence

In the never-ending stream of gloomy news surrounding beleaguered Finnish phone maker, Nokia Corporation (NYSE:NOK), here’s one that could give solace to the company’s shareholders.

It has been reported that Nokia’s Chief Executive, Stephen Elop, and other members of the board, purchased over a million shares of the company last week in a concerted show of confidence in its future.

Nokia Corporation (NYSE:NOK) (BIT:NOK1V) disclosed the buying by its insiders this week. It appears Elop bought 275,000 shares, raising his stake in Nokia to 425,000 shares, and Risto Siilasmaa, the company's...