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Nordstrom, Inc. [JWN] Shares Fall -0.22 % on Wednesday

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 $472,819 were sold by Lionello Gemma on Oct 05 ’23. At $14.36 per share, Lionello Gemma sold 32,916 shares. The insider’s holdings dropped to 39,973 shares worth approximately $0.89 million following the completion of this transaction.

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Also, Redwine Farrell B. sold 33,364 shares, netting a total of over 679,561 in proceeds. Following the sale of shares at $20.37 each, the insider now holds 26,564 shares.

Before that, Bariquit Teri had sold 25,000 shares from its account. In a trade valued at $487,825, the Chief Merchandising Officer traded Nordstrom, Inc. shares for $19.51 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $1.26 million.

As published in a research note from Jefferies on March 07, 2024, Nordstrom, Inc. [JWN] has been rated down from a Buy to a Hold and the price target has been revised to $17 from $18. Analysts at Telsey Advisory Group resumed the stock at ‘”a Market perform”‘ outlook in a report released in early March. As of November 22, 2023, Telsey Advisory Group has reiterated its “Market perform” rating for JWN. Earlier on November 07, 2023, Evercore ISI initiated its rating. Their recommendation was “an In-line” for JWN stock.

Analyzing JWN Stock Performance

During the last five days, there has been a surge of approximately 3.39%. Over the course of the year, Nordstrom, Inc. shares have jumped approximately 20.54%. Shares of the company reached a 52-week high of $23.54 on 06/03/24 and a 52-week low of $16.63 on 01/04/24. A 50-day SMA is recorded $20.08, while a 200-day SMA reached $17.54. Nevertheless, trading volume fell to 2.69 million shares from 2.24 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 21.67, which, if violated, would cause prices to drop to 21.09. In the upper region, resistance lies at 22.70. The next price resistance is at 23.15. RSI (Relative Strength Index) is 61.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.89, which suggests the price will decrease in the coming days. Percent R is at 40.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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