Nordstrom stock (JWN) jumps 37% today: here’s where you can buy the stock

  • March 3, 2022
  • 101 Views

The Nordstrom stock (JWN) Jumped 37% today after the company reported positive earnings. Nordstrom’s net sales increased by 23% year-to-year to reach $4.5 billion in the last Q4 that ended on January 29, 2022.

Nordstrom’s revenue seems to have completely recovered from the Covid-19 pandemic-induced downturn. And as a result, the retailer could resume paying dividends this year starting from the coming quarters.

To help stock investors interested in investing in Nordstrom stock, Invezz has created a brief article on what it is and where to buy it.

To find out more, please continue reading.

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What is Nordstrom stock?

Nordstrom stock is the stock of Nordstrom, Inc. shares and it trades on the New York Stock Exchange using the ticker NYSE: JWN.

Nordstrom, Inc. is an American luxury store chain. It was founded in 1901 by Carl F. Wallin and John W. Nordstrom.

Nordstrom started as a shoe store and evolved into a full-line retailer. It has various departments including departments for footwear, clothing, handbags, accessories, jewelry, fragrances, and cosmetics.

Should I buy JWN stock today?

If you want to invest in the stock of a giant luxury retailer, then Nordstrom stock (JWN) could be a good choice.

Nevertheless, the stock proved to be very susceptible to pandemics following its crush during the Covid-19 pandemic, and if another wave of Covid-19 was to strike, the stock could lose the current gains.

JWN stock price prediction

If the market sentiments remain as they are, analysts expect the JWN stock price to get back above $30 before the end arch.

Nordstrom social media coverage

WATCHLIST 03/03/22 THURSDAY
PT-1
STOCKS
$JWN – Nordstrom shares are trading higher after the company reported better-than-expected Q4 EPS and sales results. Stock has gap to $30. Looking for gap fill.
$DWAC– stock hit tr… https://t.co/4p67d3VNIX

— Rockyy (@ANGELAMAX11) March 3, 2022

Nordstrom up 38% AH After Earnings
CRM up 3% AH After Earnings
SOFI up 18% AH After Earnings
AMC Flat 0% AH After Earnings

Stock market is built for retail to lose !
90% retail ownership of AMC
They pin and short every stock that retail has a heavy vested interest in ! pic.twitter.com/EqIgTneP5f

— Ape Rocket (@ApeRocket801) March 2, 2022

The post Nordstrom stock (JWN) jumps 37% today: here’s where you can buy the stock appeared first on Invezz.

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