Nordstrom Inc. (NYSE:JWN) was a big mover last session, as the company saw its shares rise over 7% on the day. The upside was driven after the company reported better-than-expected second-quarter results. The news also led to far more shares changing hands than in a normal session, resulting in solid volume. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $40.46 to $44.77 in the past one-month time frame.
The company has seen one negative estimate revision over the past 30 days while the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Nordstrom sports a Zacks Rank #1 (Strong Buy), while its Earnings ESP is negative.
Another better-ranked stock in the same industry is Christopher & Banks Corporation (NYSE:CBK) , also carrying a Zacks Rank #1.
Is JWN going up? Or down? Predict to see what others think: Up or Down
NORDSTROM INC (JWN): Free Stock Analysis Report
CHRISTOPHER&BNK (CBK): Free Stock Analysis Report
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