The opening price for Nordstrom, Inc. (NYSE:JWN) was $51.09 and the volume amounted to 1.96 million shares which compares with the average volume of 1.99 million shares. The company stock experienced a 1.32% move to arrive at $51.57.Nordstrom, Inc. (JWN) Analyst Opinion
Nordstrom, Inc. has a consensus hold rating from 22 Wall Street analysts, and the number of shares currently sold short amount to at least 12.01% of shares outstanding. The stock spiked 5.4% last month and is up 8.84 this year. Wall Street is only getting more bullish on the stock, with 6 of analysts who cover JWN having a buy-equivalent rating. Analysts have placed a $52.56 price target on Nordstrom, Inc., suggesting a 1.92% gain from recent close. It’s currently trading about -4.5% below its 52-week high.
Nordstrom, Inc. (JWN) surprised the stock market in its last reported earnings when it earned $0.51 a piece versus the consensus-estimated $0.43. Its revenue totaled $3.46 billion down -26.52% from the previous quarter.Nordstrom, Inc. (NYSE:JWN) Intraday View
This stock (JWN) is ahead of its 52-week low with 36.46%. Its last month’s stock price volatility remained 2.31% which for the week stands at 2.31%. The share price has moved forward from its 20 days moving average, trading at a distance of 0.87% and stays 3.93% away from its 50 days moving average. Over the last five days, shares have managed 0.76% gains and now is up 9.02% since hitting its 200-day moving average of $49.28. Nordstrom, Inc. (JWN) has made its way to a 12-month gain of 7.89%.
Turning to Etsy, Inc. (NASDAQ:ETSY), its shares were trading at $41.98 a gain of $0.23, on the trading floor. The stock, after opening at $41.56, touched a high of $42.71 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.5. Etsy, Inc. has 2 buy ratings, 4 holds and 0 sells even after the stock tumbled -8.5% from its high of $45.88 to a $5.14 billion market value through last close.
The company’s consensus rating on Reuter’s scale remained unchanged from 2.4 to 2.4 during a month. Analysts set a 12-month price target of $41.4 a share. The target implies a -1.38% decrease from where the shares are currently trading. Also, the current price highlights a discount of 21.49% to analysts’ high consensus price target.
The counter witnessed a trading volume of 1.46 million shares versus an average volume of 2.91 million shares during last trading session. Its last month’s stock price volatility remained 4.77% which for the week approaches 4.44%. The lowest price the stock reached in the last trading day was $41.11 and compares with the $13.58 52-week low. The stock recovered 209.13% since its low point and has performed 105.28% year-to-date.