As part of a plan to cut costs by $500 million, Staples says it plans to close up to 225 North American stores by ...
LivePerson leads e-commerce stocks to a 3% gain
The stock price for the live chat provider went up nearly 15% last week after the company reported record earnings. The Internet Retailer Online Retail Index was up just over 3% last week, while the broader stock market surged ahead by 3.2%.
E-commerce stocks gained just over 3% last week in a bullish week on Wall Street.
The gain in the Internet Retailer Online Retail Index fell a bit short of the 3.2% advance in both the Dow Jones Industrial Average and the Standard & Poor’s 500 index. For the year, however, the Online Retail Index is ahead nearly 80%, while the Dow is up 14.2% and the S&P; 18.4%.
Leading the way last week among 25 e-commerce retailers and technology vendors in the Online Retail Index was chat provider LivePerson Inc., whose stock gained nearly 15% after the company reported strong revenue growth and record earnings in the third quarter.
Leaving the index this week is analytics provider Omniture, which has been acquired by Adobe Systems Inc. Omniture has been replaced by online auto parts retailer U.S. Auto Parts Network Inc., No. 102 in the Internet Retailer Top 500 Guide, (a PDF version of the company’s financial and operating profile can be order by clicking on its name).
Here are the best-performing stocks last week in the Online Retail Index and the percentage price increase for each:
- LivePerson, 14.9%
- Overstock, 12.7%
- Digital River, 11.3%%
- VistaPrint, 10.4%
- Shutterfly, 9.2%
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, -21.1%
- U.S. Auto Parts Network, -11.2%
- Keynote Systems, -4.4%
- GSI, -1.6%
- Drugstore.com, -0.4 %
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., Overstock.com Inc., PetMed Express Inc., RealNetworks Inc., Shutterfly Inc., Systemax Inc., U.S. Auto Parts Network, United Online Inc. (owner of FTD.com) and VistaPrint Ltd.