What Caught Our Attention in the Investment World? – Week of January 30-February 3, 2023

By Kuldip K. Ambastha

On the trading day of Friday, February 3, 2023, the stock price of Nordstrom Inc. (JWN), an American retail company, rose by +24.8% per share. One of the biggest and most prominent non-insider shareholders decided to increase his stake in Nordstrom Inc., potentially in advance of a reformist, shareholder activist campaign. This shareholder has not initiated talks in recent days with the leadership of Nordstrom Inc. That said, potential reforms may include personnel changes at the board level. The company’s next earnings report will be on Thursday, March 2, 2023.

Keywords – Nordstrom Inc., Nordstrom, JWN, American, retail, reform, activism, personnel, board, price, earnings.

Disclosure – The principals and clients of Ambastha Financial LLC have no positions in JWN.

Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2023 – Ambastha Financial LLC.




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