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Activist Investor Ryan Cohen Buys Stake In Nordstrom, Urges Board Shakeup

Benzinga

Activist investor Ryan Cohen, known for sparking big rallies in so-called meme stocks, is reportedly buying a substantial stake in Nordstrom Inc (NYSE: JWN ). He also intends to urge the company to change its board following a steep decline in share price. Mr. Cohen is one of the top-five nonfamily shareholders of Nordstrom.