Blue Nile Inc. (NILE) Former CEO Diane M Irvine sells 35,602 Shares

Former CEO of Blue Nile Inc. (NILE) Diane M Irvine sells 35,602 shares of NILE on 02/08/2012 at an average price of $42.2 a share.

Blue Nile Inc. has a market cap of $576.3 million; its shares were traded at around $43.2 with a P/E ratio of 47.7 and P/S ratio of 1.8. Blue Nile Inc. had an annual average earning growth of 6.8% over the past 5 years.

This is the annual revenues and earnings per share of NILE over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of NILE.

CEO Recent Trades:

• CEO Diane M Irvine bought 2,500 shares of NILE stock on 09/02/2011 at the average price of 34.93. Diane M Irvine owns at least 50,809 shares after this. The price of the stock has increased by 23.68% since.
• CEO Diane M Irvine bought 7,500 shares of NILE stock on 08/22/2011 at the average price of 31.27. Diane M Irvine owns at least 48,309 shares after this. The price of the stock has increased by 38.15% since.
• Former CEO Diane M Irvine sold 6,000 shares of NILE stock on 02/06/2012 at the average price of 40.71. Diane M Irvine owns at least 50,809 shares after this. The price of the stock has increased by 6.12% since.
• Former CEO Diane M Irvine sold 5,900 shares of NILE stock on 02/02/2012 at the average price of 40.33. Diane M Irvine owns at least 50,809 shares after this. The price of the stock has increased by 7.12% since.
• Former CEO Diane M Irvine sold 22,000 shares of NILE stock on 01/30/2012 at the average price of 40.93. Diane M Irvine owns at least 50,809 shares after this. The price of the stock has increased by 5.55% since.

This is the insider trade history vs. stock price of NILE. For the complete insider trading history of NILE, click here.

Directors and Officers Recent Trades:

• Director Mark C Vadon bought 15,000 shares of NILE stock on 11/14/2011 at the average price of 32.27. Mark C Vadon owns at least 126,111 shares after this. The price of the stock has increased by 33.87% since.
• Senior VP Susan S Bell bought 5,000 shares of NILE stock on 11/11/2011 at the average price of 32.27. Susan S Bell owns at least 5,815 shares after this. The price of the stock has increased by 33.87% since.
• Senior VP of Technology Marianne Marck sold 15,906 shares of NILE stock on 11/22/2011 at the average price of 34.16. The price of the stock has increased by 26.46% since.
• Senior VP Dwight Gaston sold 500 shares of NILE stock on 10/26/2011 at the average price of 46.98. Dwight Gaston owns at least 1,413 shares after this. The price of the stock has decreased by 8.05% since.

For the complete insider trading history of NILE, click here.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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