Nordstrom (JWN.US) shares jumped 25.0% in pre-market trading on news that activist investor Ryan Cohen has taken a significant stake in the high-end department store company and is pressing for a seat on the board.
The Chewy cofounder and GameStop chairman is now one of Nordstrom's five largest non-family shareholders and wants to navigate the shift from in-person to online shopping and refresh the company's board, according to Wall Street Journal.
Nordstrom (JWN.US) stock rose sharply in premarket and is currently testing the upper limit of the 1:1 structure at $26.65. Should break higher occur, upward move may accelerate towards, major resistance at $29.00, which is marked with previous price reactions and 50.0% Fibonacci retracement of the upward wave started in November 2020. Source: xStation5
Wall Street rebound continues ahead of the US open 📈Netflix surges on Goldman Sachs upgrade
DAX down 12% from all-time high 🚩Watch this 2 stocks in April
Daily summary: Hopes for peace and space stocks in the spotlight
Globalstar: Are we headed for a battle of giants over orbit?
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
