Insider Selling: Blue Nile Director Sells 27,400 Shares of Stock (NILE)
Blue Nile (NASDAQ:NILE) Director Mark Vadon sold 27,400 shares of Blue Nile stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $38.71, for a total value of $1,060,654.00. Following the completion of the transaction, the director now directly owns 130,768 shares of the company’s stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Blue Nile (NASDAQ:NILE) traded up 3.02% during mid-day trading on Wednesday, hitting $39.94. The stock had a trading volume of 144,456 shares. Blue Nile has a 52-week low of $28.90 and a 52-week high of $43.00. The stock’s 50-day moving average is $37.9 and its 200-day moving average is $35.86. The company has a market cap of $496.4 million and a price-to-earnings ratio of 50.35.
Blue Nile (NASDAQ:NILE) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.02. The company had revenue of $108.00 million for the quarter, compared to the consensus estimate of $103.40 million. During the same quarter last year, the company posted $0.11 earnings per share. Blue Nile’s revenue was up 18.7% compared to the same quarter last year. On average, analysts predict that Blue Nile will post $0.82 earnings per share for the current fiscal year.
Blue Nile, Inc (NASDAQ:NILE) is the online retailer of diamonds and jewelry.
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