Why Nordstrom, Inc. Stock Lost 16% in October
Shares of Nordstrom, Inc. (NYSE: JWN) were slumping last month alongside much of the retail industry, however, there was more than just the usual fears pushing the stock down. The founding family's plans to take the company private came to an end, eliminating investors' hopes for a buyout premium. As a result, the stock gave up 16% according to S&P Global Market Intelligence.
As the chart below shows, the stock slid steadily over the course of the month, but the biggest drops happened on days when news came out about the deal going south.
Source: Fool.com
Nordstrom Inc. Stock
€20.02
-0.730%
Our community is currently low on Nordstrom Inc. with 4 Buy predictions and 10 Sell predictions.
A potential of -35.05%, resulting from comparing the current price of 20.02 € with the target price of 13 € for Nordstrom Inc., shows the chance of incurring significant losses.
