Nordstrom Stock Surges 30% on Report Activist Investor Has a Stake [MarketWatch]
Nordstrom, Inc. (JWN)
Last nordstrom, inc. earnings: 3/3 04:05 pm
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Source: MarketWatch
Nordstrom (ticker: JWN) was up 31% to $27.65 in premarket trading. The Wall Street Journal reported that Cohen, known for sparking big jumps in meme stocks such as GameStop a few years ago, has become one of the top five nonfamily shareholders of the company. Cohen plans to recommend changes to the board to enact cost cutting that will reverse the stock's poor performance, the Journal said, citing people familiar with the matter. His aim is to replace at least one director. On the current board, he may target former Bed Bath & Beyond (BBBY) chief executive Mark Tritton for removal, the people said. The luxury department store was hit hard by the Covid-19 pandemic and has had a tough time recovering since. Last month it said holiday sales were softer than it had hoped. Nordstrom didn't immediately respond to a request for comment from Barron's early on Friday. The Journal cited a spokeswoman as saying the company is open to hearing Cohen's views and that it will continue to take
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JWN
News
- Glancy Prongay & Murray LLP Announces Investigation of Nordstrom, Inc. (JWN)Business Wire
- Spotting Winners: Kohl's (NYSE:KSS) And Department Store Stocks In Q4 [Yahoo! Finance]Yahoo! Finance
- Shuffle Board: Chief People Officer Exits Under Armour, NewStore Names CEO [Yahoo! Finance]Yahoo! Finance
- Nordstrom Anniversary Sale 2024: Everything To Know About This Year's Event [Forbes]Forbes
- Birkenstock Will Soon Have Stores in Austin and Nashville [Yahoo! Finance]Yahoo! Finance
JWN
Earnings
- 3/5/24 - Beat
JWN
Sec Filings
- 4/25/24 - Form SC
- 4/18/24 - Form 8-K
- 4/18/24 - Form SC
- JWN's page on the SEC website