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Billionaire investor Ryan Cohen, who has scored big on activist stakes in GameStop and Bed Bath & Beyond, now has his sights set on struggling retailer Nordstrom.
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Activist investor Ryan Cohen has built a stake in Nordstrom stock that's now up more than 60% for the year.
Shares for the department store chain Nordstrom spiked following reports that meme-stock investor Ryan Cohen was purchasing more shares of the company.
News that Ryan Cohen has taken a stake sent the stock flying higher.