Why Nordstrom Stock Plunged Today
Shares of Nordstrom (NYSE: JWN) crashed on Wednesday after the department store company's third-quarter earnings results distressed investors.
As of 3:45 p.m. ET, Nordstrom's stock price was down 29%.
Nordstrom's net sales rose 18% year over year to $3.5 billion, as more shoppers returned to the retailer's stores. Yet Nordstrom's sales were still slightly below their pre-pandemic levels.
Source Fool.com