Why Nordstrom, Inc. Stock Rose Today
Nordstrom, Inc. (NYSE: JWN) shares were riding higher today in tandem with Macy's (NYSE: M), whose stock jumped after the company posted better-than-expected earnings. The market seems to be taking Macy's report as a good omen for Nordstrom, which reports earnings after the market closes today.
As of 2:57 p.m. EST, Nordstrom stock was up 5.5%, while Macy's shares were flying, up 11.1%.
Image source: Nordstrom.
Source: Fool.com
Nordstrom Inc. Stock
€20.52
5.210%
Currently there is a rather negative sentiment for Nordstrom Inc. with 4 Buy predictions and 10 Sell predictions..
This results in a negative potential of -36.65% based on a current price of 20.52 € and a target price of 13 € for the stock.
