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Last Price: 15.95 - Change: 0.76 - Change %: 5.0033
12/07/2023 16:10:00 EST

Nordstrom Inc (JWN)

Industry: Department Stores

Price Support Resistance

In the past 30 trading days, JWN has been trading in a range between $15.34 and $12.91 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

JWN is trading between resistance at $19.36 about 21% to the upside and support at $15.46 -3% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $23.30, about a 46% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Nordstrom Inc (JWN) entered a Green zone 10 days ago on the AI powered stock chart. Wall Street analysts have a recent rating of 3.048, which is a Buy. The current analyst target price is $18.2, which gives it a potential upside of 14.11 % from the recent price of 15.95. The stock is trading 62.26% (potential upside) below its 52 week high of $25.88 and 25.39 % (potential downside) above its 52 week low of $12.72 - based on the recent price.

Company Summary

Nordstrom, Inc, a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods for women, men, young adults, and children. It offers a range of brand name and private label merchandise through various channels, such as Nordstrom branded stores and online at Nordstrom.

JWN Website

News

Black Friday Winners: 7 Retail Stocks Set for Post-Holiday Gains
Given so much talk about stubbornly elevated inflation and soaring borrowing costs, it's not surprising that retail stocks incurred much skepticism throughout this year. However, Black Friday and Cyber Monday sales may have shifted the narrative.
Source: InvestorPlace
Tue, 05 Dec 2023 08:32:52 -0500
Sentiment: Positive
A record number of customers shopped during Thanksgiving weekend—but they spent less
A record number of people showed up in stores or online to spend money over the Thanksgiving holiday, but their spending on holiday-related items ticked lower, according to data from the National Retail Federation released Tuesday.
Source: Market Watch
Tue, 28 Nov 2023 13:27:00 -0500
Sentiment: Neutral
Nordstrom Management Changes & 3rd Quarter 2023 Results
Nordstrom's management recently announced some important management changes and also reported earnings
Source: Forbes
Mon, 27 Nov 2023 06:45:00 -0500
Sentiment: Neutral
Nordstrom's weak sales expected to cause earnings misses and pressure stock
Analysts at UBS have reiterated their ‘Sell' rating on Nordstrom, Inc. (NYSE:JWN) despite the retailer reporting better-than-expected third quarter financial results. “We believe weak sales will cause earnings misses which pressure the stock,” the analysts wrote in a note to clients.
Source: Proactive Investors
Fri, 24 Nov 2023 14:31:08 -0500
Sentiment: Negative
Black Friday Sees Muted Markets, NFL Football
You can expect a vast array of Black Friday ads prominently placed throughout the course of today's game.
Source: Zacks Investment Research
Fri, 24 Nov 2023 12:50:07 -0500
Sentiment: Neutral
Instituions Institution %: 64.406
Last QTR Institution change: 11241543

Insiders
Insiders %: 29.443
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 91280
Insiders Net last QTR: -91280

Analyst Ratings
Target Price: 18.2
Overall Rating: 3.0476
Strong Buys (5): 4
Buys (4): 0
Holds (3): 12
Sells (2): 3
Strong Sells (1): 2

Technicals
52 Week Hi: 25.88
52 Week Low: 12.7174
Beta: 2.42
50 Day MA: 14.4676
200 Day MA: 16.8885

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 0.091
Qtr Revenue Growth YOY: -0.064
Forward PE: 7.1633
Trailing PE: 20.527

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