Nordstrom (NYSE:JWN) has tumbled 3.6% during the past week and has dropped 1.68% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.44%. Nordstrom (NYSE:JWN) has underperformed the index by 2.58% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Nordstrom (NYSE:JWN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.90 and $36.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.48, notching a gain of 1.90% for the day. The total traded volume was 4,906,731 . The stock had closed at $36.78 on the previous day.
The company shares have dropped -50.32% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $80.23 and the one year low was seen on May 18, 2016. The 50-Day Moving Average price is $41.31 and the 200 Day Moving Average price is recorded at $49.48.
On the companys insider trading activities,The officer (Executive Vice President) of Nordstrom Inc, Thomas Geevy Sk sold 155 shares at $57.1 on April 4, 2016. The Insider selling transaction had a total value worth of $8,851. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Maxim Group initiates coverage on Nordstrom (NYSE:JWN). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Maxim Group announces a current price target of $50 per share. The rating by the firm was issued on June 15, 2016. Currently the company Insiders own 7.03% of Nordstrom shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -7.71% . Institutional Investors own 64.21% of Nordstrom shares. During last six month period, the net percent change held by insiders has seen a change of 0.37%.
Nordstrom, Inc. is a fashion specialty retailer in the United States. The company operates through two segments: Retail and Credit. The Retail segment includes approximately 115 Nordstrom branded full-line stores in the United States and Nordstrom.com, approximately 167 off-price Nordstrom Rack stores, two Canada full-line stores, Nordstromrack.com and HauteLook, and other retail channels, including five Trunk Club showrooms and TrunkClub.com, its two Jeffrey boutiques and one clearance store that operates under the name Last Chance. Credit segment includes its wholly owned federal savings bank, Nordstrom fsb, through which it provides a private label credit card, two Nordstrom VISA credit cards and a debit card. The Company operated 290 United States stores located in 38 states, as well as an e-commerce business through Nordstrom.com, Nordstromrack.com and HauteLook and TrunkClub.com, as of March 16, 2015. It also operates two Nordstrom full-line stores in Canada.