Nordstrom, Inc’s filing revealed 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 $3.85 million.
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Then, DePree Alexis bought 20,000 shares, generating $463,985 in total proceeds.
Telsey Advisory Group reiterated its Nordstrom, Inc [JWN] rating to a Market perform in a research note published on November 27, 2024; the price target was $26. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in late September from “an Overweight” to “a Sector weight”. Barclays also remained covering JWN and has increased its forecast on September 05, 2024 with a “an Equal weight” recommendation from previously “an Underweight” rating. Telsey Advisory Group maintained its rating on August 28, 2024. It rated JWN as “a Market perform”.
Price Performance Review of JWN
On Friday, Nordstrom, Inc [NYSE:JWN] saw its stock jump 0.40% to $22.71. Over the last five days, the stock has gained 1.52%. Nordstrom, Inc shares have risen nearly 23.09% since the year began. Nevertheless, the stocks have risen 46.52% over the past one year. While a 52-week high of $24.99 was reached on 11/25/24, a 52-week low of $14.80 was recorded on 01/04/24. SMA at 50 days reached $22.86, while 200 days put it at $21.36.
Levels Of Support And Resistance For JWN Stock
The 24-hour chart illustrates a support level at 22.18, which if violated will result in even more drops to 21.66. On the upside, there is a resistance level at 23.06. A further resistance level may holdings at 23.42. The Relative Strength Index (RSI) on the 14-day chart is 47.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.51%. Stochastics %K at 28.66% 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 2024-11-15, dropping by -0.56 million shares to a total of 10.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 11.28 million shares. There was a decline of -5.24%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 09, 2024 when Telsey Advisory Group resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $23.
