Nordstrom Stock Trades Near 52-Week High: Is it Time to Buy or Hold?

Nordstrom, Inc. (JWN) has capitalized on momentum-driven factors, including robust growth at its flagship Nordstrom banner, operational efficiencies and a turnaround strategy at Nordstrom Rack. The Rack's improvement has contributed to Nordstrom's recent gains, as it plays a key role in attracting value-conscious shoppers and diversifying revenue streams. Closing yesterday's trading session at $23.22, the shares of Nordstrom are currently trading near the 52-week high of $24.93 attained on Oct. 18, 2024. Th ...