- Nordstrom stock surged 37.82% today.
- It currently trades at $26.93.
- Here’s a guide on how you can purchase JWN stock.
Nordstrom stock (JWN) surged 37% after the firm announced positive earnings. The firm had its net sales increasing by 23% Y/Y, hitting $4.5 billion during the previous Q4, which ended on 29 January 2022. Moreover, Nordstrom’s revenue appears to recover from the COVID pandemic-induced crash. That way, the retailer might resume dividends payments this year, beginning with the upcoming quarters.
Our team created this content to help individuals interested in Nordstrom stock investment. Let us dig dip.
Where to Buy Nordstrom Stock
- Saxo Markets
Saxo Markets allows you access to over 40,000 instruments across more than ten assets classes to hedge, invest and trade from one account. Moreover, the platform boasts a lucrative pricing model, making it a destination for new investors.
- Trading 212
Trading 212 is a fintech firm based in London and democratizes the financial space with ‘smart,’ easy-to-use, and free apps, allowing anyone to trade commodities, Forex, equities, and stocks. The company disrupted the market through its first zero-commission stock trading services in Europe and UK.
That unlocked the stock market for many individuals globally. Trading 212′ mobile apps enjoy over 14,000,000 downloads, making it one of the leading trading apps globally. Furthermore, it’s been the #1 platform in the UK since 2016. Moreover, the trading app rated $1 in 2017 in Germany.
About Nordstrom Stock
Nordstrom, Inch has its stock trading under the NYSE: JWN ticker. Founded by John W. Nordstrom and Carl F. Walling in 1901, Nordstrom is a luxury store chain in America. It started selling shoes before expanding to a full-line firm. Nordstrom boasts several departments, including footwear, handbags, clothing, cosmetics, fragrance, accessories, and jewelry.
Should You Buy JWN Stock Now?
Nordstrom stock (JWN) might be your desired option if you want to deal with a leading luxury firm. However, the asset proved vulnerable to the pandemic as it plunged amid the COVID-19 crisis. That means another COVID strain will see the stock tumbling to lose current gains.
JWN Price Forecast
Analysts see JWN stock rallying past $30 before March ends. However, that will happen if the market retains current sentiment.