Almost 3 Years Ago
1 Min Read

Off goes JWN. The stock tumbled down today. A look at what's happening:



Nordstrom (JWN) is trading -18% lower at $18.955 today. The Consumer Discretionary sector is having a generally cheerful day, this hasn't really affected the stock's share price, as it far behind other names in the space.

  • Q2 results being better-than-expected
  • Lowered its outlook for the full year

Nordstrom has been trading between a 52-week high of $35.9 and a 52-week low of $18.38. The stock has a market cap of $3.04 Billion.

Nordstrom, Inc. is a leading fashion retailer based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 358 stores in the U.S. and Canada, including 100 Nordstrom stores; 249 Nordstrom Rack stores; two clearance stores; and seven Nordstrom Local service hubs. Additionally, customers are served online through Nordstrom.com, Nordstrom.ca, Nordstromrack.com, HauteLook.com and TrunkClub.com.

Headlines


Nordstrom shares are down 20% this morning: this is why
Invezz 08-24-22

Farfetch leads consumer gainers, Nordstrom and Citi Trends among major losers
Seeking Alpha 08-24-22

Nordstrom Stock Plunges After Forecast Cut
Schaeffers Investment Research 08-24-22

Friday Is Your Last Chance To Buy Nordstrom Before The Dividend Payout
Benzinga 08-24-22

Nordstrom''s Sales of Discounted Goods Show Consumer Pullback Is Spreading
Barron''s 08-24-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

the_black_fox_ - 8 upvotes - source
RIP to my JWN calls. I is stupid.

SKTT1Cryptur - 5 upvotes - source
JWN call LMAOOOO AHAHAHA

throww_awayy0987 - 3 upvotes - source
Nordstrom (JWN) earnings tonight, saw they approved a new quarterly dividend a couple days ago on the 17th. Sign to buy calls??

PerformerNo4354 - 3 upvotes - source
Got puts on jwn and urbn so they’ll gap up

lJustLurkingl - 3 upvotes - source
LZB or JWN poots?

its_me_cindy - 3 upvotes - source
JWN @ 18.75 ~ I’m loading up.

night117hawk - 2 upvotes - source
Those JWN 19p I bought before close looking like they’ll print 🥳🥳🥳

prettyboyv - 2 upvotes - source
My JWN are puts looking nice. I hope that my profit will be enough to cover any potential losses from my Snow puts.

prettyboyv - 2 upvotes - source
Wow, JWN is crashing. Do you think that my 21.5 puts expiring at the end of September could 1x?

WSB_YOLOs - 2 upvotes - source
damn idk why I bought JWN before close…