Large Outflow of Money Witnessed in Nordstrom

Nordstrom (JWN) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (4.66 million) in Nordstrom (JWN). On Friday, The value of composite uptick trades was $1.82 million, whereas, the value of composite downtick trades was $6.47 million and the ratio between the two was 0.28, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $5.96 million. $0.91 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.15. The negative money flow of ($5.05 million) shows selling on strength. Nordstrom (JWN) gained $0.06 intraday at $41.3 and registrered 0.15% for the week.


Nordstrom (JWN) : Currently there are 18 street experts covering Nordstrom (JWN) stock. The most bullish and bearish price target for the stock is $58 and $34 respectively for the short term. The average price target of all the analysts comes to $43.25. The estimated standard deviation from the target is $6.78.

Nordstrom (NYSE:JWN): On Fridays trading session , Opening price of the stock was $41.23 with an intraday high of $41.42. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $40.68. However, the stock managed to close at $40.86, a loss of 0.92% for the day. On the previous day, the stock had closed at $41.24. The total traded volume of the day was 2,357,502 shares.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Executive Vice President) of Nordstrom Inc, Thomas Geevy Sk had sold 155 shares worth of $8,851 in a transaction dated April 4, 2016. In this transaction, 155 shares were sold at $57.1 per share.

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, approximately 167 off-price Nordstrom Rack stores, two Canada full-line stores, and HauteLook, and other retail channels, including five Trunk Club showrooms and, 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, and HauteLook and, as of March 16, 2015. It also operates two Nordstrom full-line stores in Canada.

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