Activist investor Ryan Cohen has taken a sizable stake in Nordstrom (JWN) and plans to urge the company to make changes to its board following a major stock dip, the Wall Street Journal’s Lauren Thomas reports, citing people familiar with the matter. Cohen, known for helping ignite large rallies in stocks like GameStop (GME) and for co-founding Chewy (CHWY), is one of the top-five nonfamily investors in Nordstrom, Thomas notes. Reference Link
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on CHWY: