Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Nordstrom, Inc shares valued at $463,986 were sold by DePree Alexis on Sep 24 ’24. At $23.20 per share, DePree Alexis sold 20,000 shares. The insider’s holdings dropped to 169,331 shares worth approximately $3.88 million following the completion of this transaction.
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Also, DePree Alexis purchased 20,000 shares, netting a total of over 463,985 in proceeds.
As published in a research note from Telsey Advisory Group on November 27, 2024, Nordstrom, Inc [JWN] has been retained to a Market perform and the price target has been revised to $26. Analysts at KeyBanc Capital Markets downgraded the stock from ‘”an Overweight”‘ to ‘”a Sector weight”‘ outlook in a report released in late September. As of September 05, 2024, Barclays has increased its “an Underweight” rating to a “an Equal weight” for JWN. Earlier on August 28, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “a Market perform” for JWN stock.
Analyzing JWN Stock Performance
During the last five days, there has been a drop of approximately -0.30%. Over the course of the year, Nordstrom, Inc shares have jumped approximately 24.07%. Shares of the company reached a 52-week high of $24.99 on 11/25/24 and a 52-week low of $16.63 on 01/04/24. A 50-day SMA is recorded $23.08, while a 200-day SMA reached $21.52. Nevertheless, trading volume fell to 2.57 million shares from 1.76 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 22.69, which, if violated, would cause prices to drop to 22.49. In the upper region, resistance lies at 23.27. The next price resistance is at 23.65. RSI (Relative Strength Index) is 48.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.02, which suggests the price will decrease in the coming days. Percent R is at 55.78%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
