US stocks show abnormal movement | Nokia (NOK.US) rises by 5% to sell FWA CPE business for $20 million.

According to China Fortune Finance APP, on Monday, Nokia (NOK.US) rose by 5% to $13.46. On the news front, Nokia recently announced that it will sell its FWA CPE (Fixed Wireless Access Customer Premises Equipment) business to Inseego, headquartered in San Diego, in a stock transaction worth approximately $20 million (about 140 million RMB). This deal will help Nokia divest a non-core asset, while bringing approximately $200 million in annual revenue to Inseego.