Nordstrom Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Nordstrom Inc. (JWN) shed 5.76% to $15.71 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.20% to 3,783.22 and Dow Jones Industrial Average falling 1.10% to 32,875.71. This was the stock's second consecutive day of losses. Nordstrom Inc. closed $13.88 short of its 52-week high ($29.59), which the company reached on April 14th.
The stock underperformed when compared to some of its competitors Wednesday, as Amazon.com Inc. (AMZN) fell 1.47% to $81.82, Walmart Inc. (WMT) fell 1.75% to $141.29, and Target Corp. (TGT) rose 0.17% to $145.80. Trading volume (5.7 M) eclipsed its 50-day average volume of 5.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 28, 2022.
(END) Dow Jones Newswires
December 28, 2022 17:05 ET (22:05 GMT)
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