Nordstrom Inc. (JWN) Dips 4.2% for February 07

Equities Staff  |

Among the S&P 500’s biggest fallers on Friday February 07 was Nordstrom Inc. (JWN). The stock experienced a 4.2% decline to $38.12 with 1.63 million shares changing hands.

Nordstrom Inc. started at an opening price of 39.38 and hit a high of $39.55 and a low of $37.93. Ultimately, the stock took a hit and finished the day at $1.67 per share. Nordstrom Inc. trades an average of n/a shares a day out of a total 155.25 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Nordstrom Inc. hit a high of $48.87 and a low of $25.02 over the last year.

Nordstrom is a fashion retailer that operates approximately 140 department stores in the U.S. and Canada and approximately 240 outlet stores under the names Nordstrom Rack and Last Chance. The company also operates e-commerce sites and a personalized styling service called Trunk Club. Nordstrom's largest merchandise categories are women's apparel (32% of sales) and shoes (24% of sales). Nordstrom, which traces its history to a shoe store opened in Seattle in 1901, continues to be partially owned and managed by members of the Nordstrom family.

With its headquarters located in Seattle, WA, Nordstrom Inc. employs 71,000 people. After today’s trading, the company’s market cap has fallen to $5.92 billion, a P/S of n/a, a P/B of 6.96, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on Nordstrom Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: JWN’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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