Blue Nile Inc.NILE was a big mover last session, as the company saw its shares rise over 13% on the day. The upside has been driven by decent third-quarter 2015 results reported yesterday which led to more shares changing hands than in a normal session. This continues the recent uptrend for the company - as the stock is now up more than 20% in the past one-month time frame.
The company has seen no estimate revisions in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday's move higher can last.
Blue Nile currently has a Zacks Rank #3 (Hold).
A better-ranked stock in the same space is Teleport Worldwide Limited TVPT sporting a Zacks Rank #1 (Strong Buy).
Is NILE going up? Or down? Predict to see what others think: Up or Down
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BLUE NILE INC (NILE): Free Stock Analysis Report
TRAVELPORT WWD (TVPT): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
