Nordstrom Inc. Stock Rises Wednesday, Still Underperforms Market
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Shares of Nordstrom Inc. (JWN) inched 0.85% higher to $16.62 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.49% to 3,878.44 and the Dow Jones Industrial Average rising 1.60% to 33,376.48. This was the stock's third consecutive day of gains. Nordstrom Inc. closed $12.97 below its 52-week high ($29.59), which the company reached on April 14th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Amazon.com Inc. (AMZN) rose 1.85% to $86.77, Walmart Inc. (WMT) rose 0.78% to $145.18, and Target Corp. (TGT) fell 0.66% to $142.30. Trading volume (4.3 M) remained 946,296 below its 50-day average volume of 5.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 21, 2022.
(END) Dow Jones Newswires
December 21, 2022 17:05 ET (22:05 GMT)
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