Why Nordstrom, Inc. Stock Was Sliding Today
Shares of Nordstrom, Inc. (NYSE: JWN) were heading lower today after the department store chain's founding family said it would suspend its efforts to take the company private.
The stock had spiked back in June when the controlling members of the Nordstrom said it would search for a private equity partner in order to take over the company and hasten its turnaround, but those attempts have come to an end for now.
As of 10:49 a.m. EDT, the stock was down 6.1%.
Source: Fool.com
Nordstrom Inc. Stock
€19.50
-4.570%
Our community is currently low on Nordstrom Inc. with 4 Buy predictions and 10 Sell predictions.
A potential of -33.32%, resulting from comparing the current price of 19.5 € with the target price of 13 € for Nordstrom Inc., shows the chance of incurring significant losses.
