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 new chairman, purchased 333,000 shares. At least five other board members…