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Blue Nile.Com Sales Up, Stock Down
Blue Nile's stock price sank in Februray, despite reports of record fourth quarter an full year sales.
The online diamond retailers net sales increased 20 percent to $203.2 million for the year ended Jan 1.
However, shares of BlueNile were recently trading at $30.85 down $6.44 or 17.4 percent on volume of about 2.1 million shares.
Additionally, if you research Blue Nile on the Internet you will see that the big honchos have been selling off their stock like crazy.
So what's up??
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