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 $4.08 million.
Then, DePree Alexis bought 20,000 shares, generating $463,985 in total proceeds.
Argus downgraded its Nordstrom, Inc [JWN] rating to a Sell from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late November has reiterated a ‘”a Market perform”‘ rating for it. KeyBanc Capital Markets also remained covering JWN and has decreased its forecast on September 26, 2024 with a “Sector weight” recommendation from previously “an Overweight” rating. Barclays revised its rating on September 05, 2024. It rated JWN as “an Equal weight” which previously was an “an Underweight”.
Price Performance Review of JWN
On Tuesday, Nordstrom, Inc [NYSE:JWN] saw its stock fall -0.17% to $24.12. Over the last five days, the stock has gained 0.04%. Nordstrom, Inc shares have fallen nearly -0.12% since the year began. Nevertheless, the stocks have risen 36.66% over the past one year. While a 52-week high of $24.99 was reached on 01/02/25, a 52-week low of $16.78 was recorded on 01/06/25. SMA at 50 days reached $23.30, while 200 days put it at $21.90.
Levels Of Support And Resistance For JWN Stock
The 24-hour chart illustrates a support level at 24.10, which if violated will result in even more drops to 24.08. On the upside, there is a resistance level at 24.16. A further resistance level may holdings at 24.20. The Relative Strength Index (RSI) on the 14-day chart is 56.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.90%. Stochastics %K at 63.64% 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 August 28, 2024 when Telsey Advisory Group resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $24.
