Price Action Alert: Blue Nile Inc on Focus After Crashing In Today’s Session

Price Action Alert: Blue Nile Inc on Focus After Crashing In Today's Session

The stock of Blue Nile Inc (NASDAQ:NILE) is a huge mover today! The stock decreased 9.57% or $3.22 during the last trading session, hitting $30.44. About 421,003 shares traded hands or 471.98% up from the average. Blue Nile Inc (NASDAQ:NILE) has risen 32.16% since April 4, 2016 and is uptrending. It has outperformed by 31.07% the S&P500.
The move comes after 8 months negative chart setup for the $352.07 million company. It was reported on Nov, 4 by Barchart.com. We have $27.09 PT which if reached, will make NASDAQ:NILE worth $38.73M less.

Blue Nile Inc (NASDAQ:NILE) Ratings Coverage

Out of 3 analysts covering Blue Nile (NASDAQ:NILE), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Blue Nile has been the topic of 5 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock of Blue Nile Inc (NASDAQ:NILE) has “Market Perform” rating given on Friday, June 10 by William Blair. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, February 12 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, November 6. The company was initiated on Tuesday, December 8 by Pacific Crest. The firm has “Sector Perform” rating given on Monday, August 10 by RBC Capital Markets.

According to Zacks Investment Research, “Blue Nile Inc is the leading online retailer of diamonds and fine jewelry. It has built a well respected brand by providing consumers with a better way to buy diamonds and fine jewelry. Blue Nile has established some of the highest quality standards in the industry and provides consumers with in-depth educational materials and unique online tools that place consumers in control of the jewelry shopping process. The Blue Nile websites showcase thousands of independently certified diamonds and fine jewelry at prices significantly below traditional retail.”

Insitutional Activity: The institutional sentiment decreased to 0.57 in Q2 2016. Its down 0.47, from 1.04 in 2016Q1. The ratio worsened, as 15 funds sold all Blue Nile Inc shares owned while 39 reduced positions. 6 funds bought stakes while 25 increased positions. They now own 10.16 million shares or 6.56% less from 10.87 million shares in 2016Q1.
Wells Fargo Mn has invested 0% of its portfolio in Blue Nile Inc (NASDAQ:NILE). Royal Retail Bank Of Canada accumulated 0% or 79 shares. Prudential Fincl, a New Jersey-based fund reported 52,229 shares. The New York-based Blackrock has invested 0% in Blue Nile Inc (NASDAQ:NILE). New York State Common Retirement Fund holds 0% of its portfolio in Blue Nile Inc (NASDAQ:NILE) for 11,700 shares. Tiaa Cref Inv Mgmt, a New York-based fund reported 63,519 shares. Century has 0% invested in the company for 12,038 shares. The Pennsylvania-based Nationwide Fund Advsrs has invested 0% in Blue Nile Inc (NASDAQ:NILE). Teachers Retirement Of The State Of Kentucky holds 0% of its portfolio in Blue Nile Inc (NASDAQ:NILE) for 3,900 shares. Us National Bank De owns 246 shares or 0% of their US portfolio. Invesco Limited holds 25,116 shares or 0% of its portfolio. Jpmorgan Chase And Company reported 9,327 shares or 0% of all its holdings. State Of Tennessee Treasury Department last reported 0% of its portfolio in the stock. Peak6 Invs Limited Partnership has invested 0% of its portfolio in Blue Nile Inc (NASDAQ:NILE). Credit Suisse Ag last reported 0% of its portfolio in the stock.

Insider Transactions: Since May 11, 2016, the stock had 1 insider buy, and 2 selling transactions for $92,442 net activity. POTTER MICHAEL J had bought 4,000 shares worth $102,187. $6,745 worth of shares were sold by Sainsbury Jon on Friday, September 2.

More notable recent Blue Nile Inc (NASDAQ:NILE) news were published by: Fool.com which released: “Blue Nile Inc. Ends Its Sales Slide” on August 09, 2016, also Fool.com with their article: “Why Blue Nile Inc Stock Soared 18% in August” published on September 07, 2016, Fool.com published: “Why Blue Nile Inc. Stock Plunged 25% in February” on March 09, 2016. More interesting news about Blue Nile Inc (NASDAQ:NILE) were released by: Fool.com and their article: “Shares Plunge as Blue Nile Inc Reins In Its Growth Outlook for 2016” published on February 11, 2016 as well as Fool.com‘s news article titled: “Blue Nile Inc. Earnings Fall on Engagement Jewelry Pullback” with publication date: May 05, 2016.

NILE Company Profile

Blue Nile, Inc. (Blue Nile), incorporated on March 18, 1999, is an online retailer of diamonds and fine jewelry. The Firm operates through the online retail jewelry segment. The Firm offers its products for sale through the Blue Nile Website in over 40 countries and territories around the world. The Company’s subsidiaries include Blue Nile LLC (LLC), which serves the Company’s clients in the United States, Canada and Asia Pacific; Blue Nile Worldwide Inc., which serves its clients in Europe; Blue Nile (Shanghai) Trading Co., Ltd., which serves its clients in China, and Blue Nile Jewellery, Ltd (Jewellery), which operates a customer service and fulfillment center in Dublin, Ireland. The Company’s domestic sales consist of products delivered to clients within the United States and the Company’s international sales consist of products delivered to clients outside the United States.

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