Nordstrom Inc. Stock Falls Tuesday, Underperforms Market
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Shares of Nordstrom Inc. (JWN) slipped 2.35% to $15.76 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.40% to 3,824.14 and Dow Jones Industrial Average falling 0.03% to 33,136.37. The stock's fall snapped a two-day winning streak. Nordstrom Inc. closed $13.83 below its 52-week high ($29.59), which the company reached on April 14th.
The stock underperformed when compared to some of its competitors Tuesday, as Amazon.com Inc. (AMZN) rose 2.17% to $85.82, Walmart Inc. (WMT) rose 1.28% to $143.60, and Target Corp. (TGT) rose 1.80% to $151.73. Trading volume (5.4 M) eclipsed its 50-day average volume of 5.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 3, 2023.
(END) Dow Jones Newswires
January 03, 2023 17:04 ET (22:04 GMT)
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