In its second-largest acquisition, Amazon buys the company for $970 million.
The Internet Retailer Online Retail Index of 25 e-commerce stocks fell 1.29% last week, slightly faster than the overall market. Bidz.com was one of only seven of the e-commerce companies to show a gain for the week.
The dog days of summer continued into the week before Labor Day on Wall Street, and e-commerce stocks fell along with the broader market.
The Internet Retailer Online Retail Index of 25 e-commerce stocks fell 1.29% last week, while the Standard & Poor’s 500 Index was down 1.22% and the Dow Jones Industrial Average was off 1.08%.
The Online Retail Index remains ahead nearly 54% since Jan. 1, while the Dow is up less than 2% and the S&P; 500 about 13%.
Bidz.com, an online jeweler whose shares are still off by 13% for the year amid a slump in sales of luxury items, gained more than 26% for the week. But it was one of only seven of the e-commerce companies to show a gain for the week.
Here are the best-performing stocks last week in the Online Retail Index and the percentage price increase for each:
- Bidz.com, 26.35%
- Keynote Systems, 8.6%
- United Online, 7.2%%
- PetMed Express, 4.1%
- Drugstore.com, 1.3%
Here are the Online Retail Index stocks that performed least well last week and the percentage decline in stock price for the week:
- Shutterfly, -9.8%
- RealNetworks, -9.5%
- Overstock, -8.1%
- 1-800-Flowers.com, -7.9%
- Netflix, -7.4%
The 25 companies in the Internet Retailer Online Retail Index are: 1-800-Flowers.com Inc., Akamai Technologies, Amazon.com Inc., American Greetings Corp., Art Technology Group Inc., Bidz.com Inc., Blue Nile Inc., CyberSource Corp., DemandTec Inc., Digital River Inc., Drugstore.com Inc., eBay Inc., GSI Commerce Inc., Keynote Systems Inc., LivePerson Inc., Netflix Inc., NutriSystem Inc., Omniture Inc., Overstock.com Inc., PetMed Express Inc., RealNetworks Inc., Shutterfly Inc., Systemax Inc., United Online Inc. (owner of FTD.com) and VistaPrint Ltd.