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Nordstrom (JWN) Rises: Stock Adds 5.2% in Session

Nordstrom Inc.JWN was a big mover last session, as the company saw its shares rise over 5% on the day. This jump can be attributable to the company's recent announcement of a special dividend and increased share repurchase authorization, which led to solid volume too with far more shares changing hands than in a normal session. This broke the recent trend of the company, as the stock is now trading above the price range of $70.44 to $74.42 in the past one-month time frame.

In the last 30 days, the company witnessed 3 downward estimate revisions and the Zacks Consensus Estimate lowered over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent high can last.

Nordstrom currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.

Another attractive stock in the same sector worth considering includes Citi Trends, Inc. CTRN carrying a Zacks Rank #2 as well.

Is JWN going up? Or down? Predict to see what others think: Up or Down

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NORDSTROM INC (JWN): Free Stock Analysis Report

CITI TRENDS INC (CTRN): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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