Previous Close | 22.70 |
Open | 22.01 |
Bid | 0.00 x 3100 |
Ask | 0.00 x 800 |
Day's Range | 21.80 - 23.93 |
52 Week Range | 15.41 - 49.85 |
Volume | |
Avg. Volume | 4,950,465 |
Market Cap | 6.777B |
Beta (5Y Monthly) | -0.29 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -3.31 |
Earnings Date | Mar 15, 2023 - Mar 20, 2023 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | Mar 14, 2019 |
1y Target Est | 16.00 |
Shares of Nordstrom (NYSE: JWN), the department store chain, were rocketing higher on reports that activist investor Ryan Cohen had taken a stake in the company. Cohen is the co-founder of Chewy and may be best known for helping to send GameStop stock skyrocketing in 2021 as he took a stake in the company and pushed for a board shake-up and other changes. According to The Wall Street Journal, which first reported the news, Cohen has amassed a stake in the company that makes him one of the five biggest shareholders outside the Nordstrom family.
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While the meme stock rally fizzled occasionally in 2021 and 2022 due to rising rate worries and share market crash, the sheer return of risk-on sentiments this year has boosted the meme stocks once again.