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 $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 $4.09 million following the completion of this transaction.
Also, DePree Alexis purchased 20,000 shares, netting a total of over 463,985 in proceeds.
As published in a research note from UBS on January 10, 2025, Nordstrom, Inc [JWN] has been rated up from a Sell to a Neutral and the price target has been revised to $24 from $14.50. Analysts at Argus downgraded the stock from ‘”a Buy”‘ to ‘”a Sell”‘ outlook in a report released in late December. As of November 27, 2024, Telsey Advisory Group has reiterated its “Market perform” rating for JWN. Earlier on September 26, 2024, KeyBanc Capital Markets downgraded its rating. Their new recommendation was “a Sector weight” for JWN stock which previously was a “an Overweight”.
Analyzing JWN Stock Performance
During the last five days, there has been a surge of approximately 0.17%. Shares of the company reached a 52-week high of $24.24 on 01/23/25 and a 52-week low of $24.00 on 01/10/25. A 50-day SMA is recorded $23.55, while a 200-day SMA reached $22.14. Nevertheless, trading volume fell to 1.87 million shares from 1.38 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 24.12, which, if violated, would cause prices to drop to 24.09. In the upper region, resistance lies at 24.21. The next price resistance is at 24.27. RSI (Relative Strength Index) is 55.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.06, which suggests the price will decrease in the coming days. Percent R is at 36.73%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
