Thread regarding Nordstrom Inc. layoffs

Nordstrom Inc. (JWN) Insider Michael G. Koppel Sells 87,257 Shares of Stock

Nordstrom Inc. (NYSE:JWN) insider Michael G. Koppel sold 87,257 shares of the firm’s stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $58.34, for a total value of $5,090,573.38. Following the transaction, the insider now owns 164,275 shares of the company’s stock, valued at approximately $9,583,803.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Nordstrom Inc. (NYSE:JWN) opened at 50.48 on Monday. The firm has a market capitalization of $8.75 billion, a PE ratio of 26.87 and a beta of 1.02. The firm’s 50 day moving average is $56.02 and its 200-day moving average is $48.68. Nordstrom Inc. has a one year low of $35.01 and a one year high of $62.82.

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| 1991 views | | 1 reply (December 23, 2016) | Reply
Post ID: @OP+KWS2aS4

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So if you see Mike in the elevator, do you congraulate him on locking in an additional $870k cash money on this trade, or do you console him for not dumping it all, and thus taking a paper loss of $1.74 million?

JWN traded to $48 on retail sector worry today. TGT, Kohls, etc all hit. But we have to admire Mike for his timing, well played.

What's the company's plan for buybacks going forward?

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Post ID: @3uya+KWS2aS4

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