Ericsson stock rises following new buyback, Moody’s rating move
Ericsson’s B shares in Stockholm climbed again Tuesday as a credit-rating lift and news of a new buyback sent the Swedish telecom equipment stock near its 52-week high. The stock was last seen at SEK 125.20, up 2.04%, at 1:03 p.m. local time in Stockholm. Shares were trading close to the 52-week high of SEK 127.45. Intraday volume reached 1.56 million shares, Google Finance data showed, well below the average volume of 9.48 million.