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Nordstrom, Inc. JWN was a big mover last session, as the company saw its shares rise more than 13% on Friday. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $50.26 to $54.88 in the past one-month time frame.
The move came after the company reported solid second-quarter fiscal 2018 results. Also, management raised its outlook for the fiscal year.
The company has seen seven negative estimate revisions in the past month, while its Zacks Consensus Estimate has also moved lower over the same time period, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Nordstrom currently has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
Nordstrom, Inc. Price
Nordstrom, Inc. Price | Nordstrom, Inc. Quote
A better-ranked stock in the Retail - Apparel and Shoes industry is Abercrombie & Fitch Co. ANF, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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