Nordstrom, Inc.’s recent filing unveils that its Chief Operating Officer DePree Alexis unloaded Company’s shares for reported $0.46 million on Sep 24 ’24. In the deal valued at $23.20 per share,20,000 shares were sold. As a result of this transaction, DePree Alexis now holds 169,331 shares worth roughly $3.92 million.
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Then, DePree Alexis bought 20,000 shares, generating $463,985 in total proceeds.
KeyBanc Capital Markets downgraded its Nordstrom, Inc. [JWN] rating to a Sector weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in early September from “an Underweight” to “an Equal weight”. Telsey Advisory Group also remained covering JWN and reiterated its “Market perform” recommendation on August 28, 2024. Telsey Advisory Group maintained its rating on July 09, 2024. It rated JWN as “a Market perform”.
Price Performance Review of JWN
On Tuesday, Nordstrom, Inc. [NYSE:JWN] saw its stock fall -3.58% to $23.13. Over the last five days, the stock has lost -3.95%. Nordstrom, Inc. shares have risen nearly 25.37% since the year began. Nevertheless, the stocks have risen 69.82% over the past one year. While a 52-week high of $24.93 was reached on 10/18/24, a 52-week low of $12.88 was recorded on 01/04/24. SMA at 50 days reached $22.45, while 200 days put it at $20.78.
Levels Of Support And Resistance For JWN Stock
The 24-hour chart illustrates a support level at 22.80, which if violated will result in even more drops to 22.47. On the upside, there is a resistance level at 23.73. A further resistance level may holdings at 24.33. The Relative Strength Index (RSI) on the 14-day chart is 52.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.24%. Stochastics %K at 73.75% 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 2024-09-30, dropping by -2.43 million shares to a total of 10.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 13.06 million shares. There was a decline of -22.82%, which implies that there is a negative sentiment for the stock.
