Blue Nile Inc (NILE) Files Form 4 Insider Buying : Michael J Potter Buys 4,000 Shares

Blue Nile Inc (NILE): Michael J Potter , director of Blue Nile Inc purchased 4,000 shares on May 11, 2016. The Insider buying transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were purchased at $25.55 per share for a total value of $102,186.80 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 19, 2016, Schoonenberg Robert G Van (director) purchased 1,000 shares at $27.22 per share price.On Feb 10, 2016, Jon Sainsbury (President of International) sold 100 shares at $30.43 per share price.Also, On Nov 24, 2015, Lauren Neiswender (General Counsel) sold 10,938 shares at $36.81 per share price.On May 19, 2015, Julie Yoakum (Chief Merchandising Officer) sold 1,450 shares at $27.67 per share price.

Blue Nile Inc: On Tuesday, May 10, 2016 heightened volatility was witnessed in Blue Nile Inc which led to swings in the share price. The shares opened for trading at $26.56 and hit $26.67 on the upside , eventually ending the session at $26.41, with a gain of 0.76% or 0.2 points. The heightened volatility saw the trading volume jump to 89,086 shares. The 52-week high of the share price is $39 and the company has a market cap of $306 M . The 52-week low of the share price is at $22.33.

Blue Nile Inc Money Flow Index Chart

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 Company’s wholly owned subsidiaries include Blue Nile LLC (LLC) which serves the Company’s customers in the United States Canada and Asia Pacific; Blue Nile Worldwide Inc. which serves the Company’s customers in Europe; Blue Nile (Shanghai) Trading Co. Ltd. which serves the Company’s customers 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 customers within the United States and the Company’s international sales consist of products delivered to customers outside the United States.

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