|Bid||0.00 x 3100|
|Ask||0.00 x 800|
|Day's Range||21.80 - 23.93|
|52 Week Range||15.41 - 49.85|
|Beta (5Y Monthly)||-0.29|
|PE Ratio (TTM)||N/A|
|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.
Nordstrom’s stock has surged following a report that activist investor Ryan Cohen is taking a large stake in the retailer.
The activist investor plans to urge Nordstrom to refresh its board and replace the former CEO of Bed Bath & Beyond as a director.