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Friday, March 31, 2023

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Activist investor Ryan Cohen is building a big stake in Nordstrom, report says. The retailer’s stock has surged 37% on the news.

Nordstrom shares soared as much as 37% in premarket trading on Friday, as investors cheered the news that Ryan Cohen may be building a significant stake in the luxury department-store chain. Cohen, the billionaire cofounder of Chewy and chairman of GameStop, is now one of Nordstrom’s five largest …

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