Nordstrom Inc. Stock Rises Friday, Still Underperforms Market
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Shares of Nordstrom Inc. (JWN) inched 0.96% higher to $16.78 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 2.28% to 3,895.08 and the Dow Jones Industrial Average rising 2.13% to 33,630.61. Nordstrom Inc. closed $12.81 below its 52-week high ($29.59), which the company reached on April 14th.
The stock underperformed when compared to some of its competitors Friday, as Amazon.com Inc. (AMZN) rose 3.56% to $86.08, Walmart Inc. (WMT) rose 2.45% to $146.78, and Target Corp. (TGT) rose 3.82% to $160.15. Trading volume (5.3 M) eclipsed its 50-day average volume of 5.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 6, 2023.
(END) Dow Jones Newswires
January 06, 2023 17:05 ET (22:05 GMT)
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