Shares of retailer
Nordstrom
were surging early on Friday after a report that activist investor Ryan Cohen has taken a big stake in the company.
Nordstrom (ticker: JWN) was up 31% to $27.65 in premarket trading. The Wall Street Journal reported that Cohen, known for sparking big jumps in meme stocks such as
GameStop
a few years ago, has become one of the top five nonfamily shareholders of the company.
