Shares of Blue Nile (NILE) Sees Large Inflow of Net Money Flow

Blue Nile (NILE) : Wednesdays money flow data in Blue Nile (NILE) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $5.01 million, whereas, $0.71 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 7.1, in favor of the bulls. The total money flow into the stock was $4.3 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $4.5 million. The total value of block trades done on upticks was $4.5 million. Blue Nile (NILE) fell $0.4 and traded at $34.91, down -1.13% for the day, over previous days close. On a weekly basis, the shares are -3.05% over the previous weeks close.


Blue Nile Inc. has dropped 3.62% in the last five trading days, however, the shares have posted positive gains of 3.5% in the last 4 weeks. Blue Nile Inc. is up 27.55% in the last 3-month period. Year-to-Date the stock performance stands at -3.53%.

Blue Nile (NILE) : Zacks Investment Research ranks Blue Nile (NILE) as 4, which is a Sell recommendation. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 2 research analysts is 3, which indicates as a Hold.

Blue Nile (NASDAQ:NILE): stock was range-bound between the intraday low of $34.71 and the intraday high of $35.71 after having opened at $35.53 on Wednesdays session. The stock finally closed in the red at $35.53, a loss of -1.13%. The stock remained in the red for the whole trading day. The total traded volume was 209,190 shares. The stock failed to cross $35.71 in Wednesdays trading. The stocks closing price on Thursday was $35.31.

Blue Nile, Inc. (Blue Nile) is an online retailer of diamonds and jewelry. The Company offers its products for sale through the Blue Nile Website in around 40 countries and territories across the world. The Companys wholly owned subsidiaries include Blue Nile LLC (LLC), which serves the Companys customers in the United States, Canada and Asia Pacific; Blue Nile Worldwide Inc., which serves the Companys customers in Europe; Blue Nile (Shanghai) Trading Co., Ltd., which serves the Companys customers in China, and Blue Nile Jewellery, Ltd (Jewellery), which operates a customer service and fulfillment center in Dublin, Ireland. The Companys domestic sales consist of products delivered to customers within the United States and the Companys international sales consist of products delivered to customers outside the United States.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.