Insider Selling: BRAMMAN ANNE L, Nordstrom Inc. [JWN] Chief Financial Officer divested 13,333 shares

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Nordstrom Inc. shares valued at $328,792 were sold by BRAMMAN ANNE L on Jun 21. At $24.66 per share, BRAMMAN ANNE L sold 13,333 shares. The insider’s holdings dropped to 93,471 shares worth approximately $1.81 million following the completion of this transaction.


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Also, BRAMMAN ANNE L sold 13,333 shares, netting a total of over 322,713 in proceeds. Following the sale of shares at $24.20 each, the insider now holds 106,804 shares.

Before that, BRAMMAN ANNE L had sold 13,334 shares from its account. In a trade valued at $383,222, the Chief Financial Officer traded Nordstrom Inc. shares for $28.74 each. Upon closing the transaction, the insider’s holdings decreased to 13,334 shares, worth approximately $2.32 million.

As published in a research note from Jefferies on September 15, 2022, Nordstrom Inc. [JWN] has been rated up from a Hold to a Buy and the price target has been revised to $24 from $21. This represents a 19.46% premium over Wednesday’s closing price. Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in late July. As of July 21, 2022, KeyBanc Capital Markets has initiated its “an Overweight” rating for JWN. Earlier on March 02, 2022, Telsey Advisory Group resumed its rating. Their recommendation was “a Market perform” for JWN stock.

Analyzing JWN’s Price Performance

On Wednesday, Nordstrom Inc. [NYSE: JWN] rose 0.42% to $19.33. The stock’s lowest price that day was $19.285, but it reached a high of $20.02 in the same session. During the last five days, there has been a surge of approximately 7.51%. Over the course of the year, Nordstrom Inc. shares have dropped approximately -14.54%. Shares of the company reached a 52-week high of $29.59 on 04/14/22 and a 52-week low of $16.83 on 09/01/22. A 50-day SMA is recorded $21.37, while a 200-day SMA reached $23.25. Nevertheless, trading volume fell to 5.74 million shares from 8.33 million shares the previous day.

Support And Resistance Levels for Nordstrom Inc. (JWN)

According to the 24-hour chart, there is a support level at 19.07, which, if violated, would cause prices to drop to 18.81. In the upper region, resistance lies at 19.81. The next price resistance is at 20.28. RSI (Relative Strength Index) is 46.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.64, which suggests the price will decrease in the coming days. Percent R is at 27.54%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Nordstrom Inc. subject to short interest?

Stocks of Nordstrom Inc. saw a sharp steep in short interest on Aug 30, 2022 dropping by -1.8 million shares to 24.17 million. Data from Yahoo Finance shows that the short interest on Jul 28, 2022 was 25.97 million shares. A decline of -7.45% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.85 of the overall float, the days-to-cover ratio (short ratio) decline to 2.85.

Which companies own the most shares of Nordstrom Inc. (JWN)?

According to The Vanguard Group, Inc. filings, the company currently owns 10,173,134 shares, which is about 6.34% of the total JWN shares outstanding. The investor’s shares have appreciated by 50,411 from its previous 13-F filing of 10122723.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $149,236,072. Marshall Wace LLP acquire a 9.07% interest valued at $93.69 million while Fidelity Management & Research Co sold a -4,944,263 stake. A total of -294,701 shares of Nordstrom Inc. were sold by SSgA Funds Management, Inc. during the quarter, and 1,407,200 were bought by Two Sigma Advisers LP. In its current portfolio, Two Sigma Investments LP holds 3,209,623 shares valued at $54.92 million.

In terms of Nordstrom Inc. share price expectations, FactSet research, analysts set an average price target of $21.35 in the next 12 months, up nearly 9.09% from the previous closing price of $19.25. Analysts anticipate Nordstrom Inc. stock to reach $30.00 by 2022, with the lowest price target being $12.00. In spite of this, 22 analysts ranked Nordstrom Inc. stock as a Hold at the end of 2022. On March 02, 2022, Credit Suisse assigned a price target of “a Neutral” to the stock and reiterated coverage with a $29.

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