NEW YORK, USA – Shares of the global telecommunications giant Telefonaktiebolaget LM Ericsson (publ) (NASDAQ: ERIC) showed relative stability in midday trading on Tuesday, holding onto gains achieved earlier in the session.
As of 1:18 PM EDT, with the market open, ERIC stock was priced at $8.06. This represents a minor dip of just $0.01, or -0.19%, from the previous closing price of $8.07.
Despite the slight decrease from the prior close, Ericsson shares demonstrated resilience during the trading day. The stock opened lower at $7.98 but staged a rally through the morning, reaching a session high of $8.10. The day’s low stands at $7.92. The current price remains near the upper end of this intraday range.
Trading activity for Ericsson has been slightly elevated. Volume reached over 23.3 million shares by early afternoon, surpassing the average daily volume of approximately 22.6 million shares. This indicates notable investor interest in the stock today.
Ericsson maintains a significant intraday market capitalization of around $27.004 billion. The stock is trading comfortably within its 52-week range of $4.85 to 0.26 annually), with an upcoming ex-dividend date noted as March 27, 2025. Its Beta (5Y Monthly) is low at 0.44, suggesting lower volatility compared to the broader market.
Investors continue to monitor Ericsson’s performance on the Nasdaq as the trading session progresses.
