On a relative basis, the stock has outperformed the S&P 500 by 3.08% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.54% in the last 1 week, and is up 10.05% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Nordstrom (NYSE:JWN): The stock opened at $41.23 on Friday but the bulls could not build on the opening and the stock topped out at $41.42 for the day. The stock traded down to $40.68 during the day, due to lack of any buying support eventually closed down at $40.86 with a loss of -0.92% for the day. The stock had closed at $41.24 on the previous day. The total traded volume was 2,357,502 shares.
The stock has recorded a 20-day Moving Average of 3.8% and the 50-Day Moving Average is 5.08%. Nordstrom Inc. has dropped 20.02% during the last 3-month period . Year-to-Date the stock performance stands at -16.58%.
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.