Blue Nile (NILE) Shares Fall After 2nd Downgrade In A Week
By Daniel James Hayden IV
February 17, 2010 8:54 PM
February 17, 2010 8:54 PM
Shares of online jewelry retailer Blue Nile, Inc. (NASDAQ: NILE) opened higher than the previous day's close and were up for most of the day before falling in the two hours before the market closed.
Blue Nile shares ended the trading day down 93 cents, or 1.89%, at $48.18.
Shares of Blue Nile received their second downgrade in a week when Argus lowered its rating of the company from Buy to Hold.
The stock's 52 week trading range is $19.08 to $67.16.
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