In its second-largest acquisition, Amazon buys the company for $970 million.
The Internet Retailer Online Retail Index fell 4.55% last week, even faster than the broader stock market. Only five of the 25 indexed e-commerce stocks advanced, led by diet products retailer NutriSystem Inc., which gained 10% for the week.
A tough week on Wall Street was even tougher for e-commerce stocks.
The Internet Retailer Online Retail Index, which tracks the stocks of 25 online retailers and e-commerce technology vendors, was down 4.55% for the week, while the Standard & Poor’s 500 Index fell 4.02% and the Dow Jones Industrial Average slipped 2.61%.
Only five of the e-commerce stocks advanced, led by diet products retailer Nutrisystem Inc., which gained 10% for the week after reporting lower revenue and net income but new deals to distribute its products in Japan and through Wal-Mart stores in the U.S.
For the year, the Online Retail Index is up nearly 75%, while the Dow is ahead 10.7% and the S&P; 500 14.7%.
Here are the best-performing stocks last week in the Online Retail Index and the percentage price increase for each:
- Nutrisystem, 10.1%
- DemandTec, 3.7%
- Akamai, 2.3%%
- ATG, 2.0%
- Amazon, 0.3%
Here are the Online Retail Index stocks that performed least well last week and the percentage decline in stock price for the week:
- 1-800-Flowers.com, -15.6%
- Overstock, -15.4%
- RealNetworks, -15.4%
- United Online, -9.7%
- LivePerson, -9.7%
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.