Nordstrom (JWN): The stock had negative money flow to the tune of ($1.48 million) on Friday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $1.1 million, whereas, the outflow of money on downticks was $2.58 million and the ratio between the two was 0.43. The block trade had a negative net money flow of ($1.4 million). On the other hand, downticks amounted to $1.4 million of the traded value, which shows distribution in the stock by traders. Nordstrom (JWN) closed with marginal gains of 40 cents to end the day at $51.43, an increase of 0.78% over the previous days close. The stock recorded 0.33% for the week.
The company Insiders own 7.03% of Nordstrom shares according to the proxy statements. Institutional Investors own 65.64% of Nordstrom shares. During last six month period, the net percent change held by insiders has seen a change of -7.71%.
In a related news,The officer (Executive Vice President) of Nordstrom Inc, Thomas Geevy Sk sold 155 shares at $57.1 on April 4, 2016. The Insider selling transaction had a total value worth of $8,851. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Nordstrom (NYSE:JWN): The stock opened at $51.27 and touched an intraday high of $52.39 on Friday. During the day, the stock corrected to an intraday low of $51.12, however, the bulls stepped in and pushed the price higher to close in the green at $51.87 with a gain of 1.65% for the day. The total traded volume for the day was 3,054,800. The stock had closed at $51.03 in the previous trading session.
Nordstrom (JWN) : Traders are bullish on Nordstrom (JWN) as it has outperformed the S&P 500 by a wide margin of 19.26% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.68%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.19% in the last 1 week, and is up 19.1% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Nordstrom, Inc. is a fashion specialty retailer in the United States. The company operates through two segments: Retail and Credit. The Retail segment includes approximately 115 Nordstrom branded full-line stores in the United States and Nordstrom.com, approximately 167 off-price Nordstrom Rack stores, two Canada full-line stores, Nordstromrack.com and HauteLook, and other retail channels, including five Trunk Club showrooms and TrunkClub.com, its two Jeffrey boutiques and one clearance store that operates under the name Last Chance. Credit segment includes its wholly owned federal savings bank, Nordstrom fsb, through which it provides a private label credit card, two Nordstrom VISA credit cards and a debit card. The Company operated 290 United States stores located in 38 states, as well as an e-commerce business through Nordstrom.com, Nordstromrack.com and HauteLook and TrunkClub.com, as of March 16, 2015. It also operates two Nordstrom full-line stores in Canada.