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 -
sourceRIP to my JWN calls. I is stupid.
SKTT1Cryptur - 5 upvotes -
sourceJWN call LMAOOOO AHAHAHA
throww_awayy0987 - 3 upvotes -
sourceNordstrom (JWN) earnings tonight, saw they approved a new quarterly dividend a couple days ago on the 17th. Sign to buy calls??
PerformerNo4354 - 3 upvotes -
sourceGot puts on jwn and urbn so they’ll gap up
lJustLurkingl - 3 upvotes -
sourceLZB or JWN poots?
its_me_cindy - 3 upvotes -
sourceJWN @ 18.75 ~ I’m loading up.
night117hawk - 2 upvotes -
sourceThose JWN 19p I bought before close looking like they’ll print 🥳🥳🥳
prettyboyv - 2 upvotes -
sourceMy 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 -
sourceWow, JWN is crashing. Do you think that my 21.5 puts expiring at the end of September could 1x?
WSB_YOLOs - 2 upvotes -
sourcedamn idk why I bought JWN before close…