Why Nokia (NOK) Stock Is Gaining Today

NEW YORK (TheStreet) -- Nokia (NOK) shares are rising, up 1.7% to $8.49, in early market trading on Wednesday after the company announced that it is releasing a new mapping app that will rival competing map applications offered by Google (GOOG) and Apple (AAPL) , according to a Wall Street Journal report.

Nokia's offering will be different from other mobile map applications in that it will allow for broader offline functionality than its competitors.

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The app will be available on Apple's iOS and Google's Android platforms later this year, according to the company.

NOK Chart NOK data by YCharts

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