Nordstrom stock (JWN) jumps 37% today: here’s where you can buy the stock

The Nordstrom stock (JWN) Jumped 37% today after the company reported positive earnings. Nordstrom’s net sales increased by 23% year-to-year to reach $4.5 billion in the last Q4 that ended on January 29, 2022.

Nordstrom’s revenue seems to have completely recovered from the Covid-19 pandemic-induced downturn. And as a result, the retailer could resume paying dividends this year starting from the coming quarters.

Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

To help stock investors interested in investing in Nordstrom stock, Invezz has created a brief article on what it is and where to buy it.

To find out more, please continue reading.

Best places to buy Nordstrom stock

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Register with eToro instantly

Disclaimer

Firstrade

Firstrade is a leading online brokerage firm offering a full line of investment products and tools designed to help investors like you take control of your financial future. Since its founding in 1985, Firstrade has been committed to providing high value and quality services to help you reach your financial goals.

Register with Firstrade instantly

What is Nordstrom stock?

Nordstrom stock is the stock of Nordstrom, Inc. shares and it trades on the New York Stock Exchange using the ticker NYSE: JWN.

Nordstrom, Inc. is an American luxury store chain. It was founded in 1901 by Carl F. Wallin and John W. Nordstrom.

Nordstrom started as a shoe store and evolved into a full-line retailer. It has various departments including departments for footwear, clothing, handbags, accessories, jewelry, fragrances, and cosmetics.

Should I buy JWN stock today?

If you want to invest in the stock of a giant luxury retailer, then Nordstrom stock (JWN) could be a good choice.

Nevertheless, the stock proved to be very susceptible to pandemics following its crush during the Covid-19 pandemic, and if another wave of Covid-19 was to strike, the stock could lose the current gains.

JWN stock price prediction

If the market sentiments remain as they are, analysts expect the JWN stock price to get back above $30 before the end arch.