A notable insider purchase on June 4, was reported by James Donald, Board Member at Nordstrom (NYSE:JWN), based on the most recent SEC filing.
What Happened: In a significant move reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday, Donald purchased 7,170 shares of Nordstrom, demonstrating confidence in the company's growth potential. The total value of the transaction stands at $164,981.
In the Wednesday's morning session, Nordstrom's shares are currently trading at $22.32, experiencing a up of 0.13%.
All You Need to Know About Nordstrom
Nordstrom is a fashion retailer that operates about 93 department stores and more than 260 off-price Nordstrom Rack stores. The company also operates both full- and off-price e-commerce sites, two clearance stores, and seven Local locations. Nordstrom's largest merchandise categories are women's apparel (27% of 2023 sales), shoes (26% of 2023 sales), men's apparel (15% of 2023 sales), and beauty (13% of 2023 sales). Nordstrom, which traces its history to a shoe store opened in Seattle in 1901, continues to be partially owned and managed by members of the eponymous family.
Financial Milestones: Nordstrom's Journey
Negative Revenue Trend: Examining Nordstrom's financials over 3 months reveals challenges. ...