In a filing, Nordstrom, Inc. revealed its President, Nordstrom Rack Lionello Gemma unloaded Company’s shares for reported $0.47 million on Oct 05 ’23. In the deal valued at $14.36 per share,32,916 shares were sold. As a result of this transaction, Lionello Gemma now holds 39,973 shares worth roughly $0.74 million.
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Then, Redwine Farrell B. sold 33,364 shares, generating $679,561 in total proceeds. Upon selling the shares at $20.37, the Chief Human Resources Officer now owns 26,564 shares.
Before that, Bariquit Teri sold 25,000 shares. Nordstrom, Inc. shares valued at $487,825 were divested by the Chief Merchandising Officer at a price of $19.51 per share. As a result of the transaction, Bariquit Teri now holds 56,853 shares, worth roughly $1.06 million.
Jefferies downgraded its Nordstrom, Inc. [JWN] rating to a Hold from a a Buy in a research note published on March 07, 2024; the price target was decreased to $17 from $18. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early March has reiterated a ‘”a Market perform”‘ rating for it. Telsey Advisory Group also remained covering JWN and reiterated its “Market perform” recommendation on November 22, 2023. Evercore ISI started covering the stock on November 07, 2023. It rated JWN as “an In-line”.
Price Performance Review of JWN
On Tuesday, Nordstrom, Inc. [NYSE:JWN] saw its stock fall -1.53% to $18.62. Over the last five days, the stock has lost -0.21%. Nordstrom, Inc. shares have risen nearly 0.92% since the year began. Nevertheless, the stocks have risen 20.91% over the past one year. While a 52-week high of $23.53 was reached on 02/29/24, a 52-week low of $12.88 was recorded on 01/04/24. SMA at 50 days reached $19.03, while 200 days put it at $17.63. A total of 3.67 million shares were traded, compared to the trading of 4.08 million shares in the previous session.
Levels Of Support And Resistance For JWN Stock
The 24-hour chart illustrates a support level at 18.34, which if violated will result in even more drops to 18.07. On the upside, there is a resistance level at 19.15. A further resistance level may holdings at 19.68. The Relative Strength Index (RSI) on the 14-day chart is 48.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.12%. Stochastics %K at 55.28% indicates the stock is a holding.
How much short interest is there in Nordstrom, Inc.?
A steep rise in short interest was recorded in Nordstrom, Inc. stocks on Feb 29, 2024, dropping by -2.41 million shares to a total of 16.6 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 19.01 million shares. There was a decline of -14.52%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 12.74% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.38.
The most recent change occurred on August 25, 2023 when Telsey Advisory Group resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $19.
