In its second-largest acquisition, Amazon buys the company for $970 million.
High-tech companies, including online retailers and their technology providers, fared better last week than blue chip stocks. The Internet Retailer Online Retail Index moved ahead 3.2% last week, while the Dow gained 2.3%.
Shares of high-tech companies, including online retailers and their technology providers, fared better last week than blue chip stocks.
The Internet Retailer Online Retail Index of 25 e-commerce stocks gained 3.2% last week, nearly matching the 3.6% gain of the NASDAQ exchange, which includes many high-tech companies. By contrast, the Dow Jones Industrial Average was ahead 2.3% and the Standard & Poor’s 500 Index 2.2%.
For the year, the Online Retail Index is up 11.8%, versus 1.9% for the S&P 500 and 1.8% for the Dow.
Twenty of the 25 stocks in the Online Retail Index advanced last week, led by online greeting cards retailer American Greetings.
Here are the best-performing stocks last week in the Online Retail Index and the percentage increase in stock price for each:
- American Greetings, 13.5%
- Netflix, 10.4%
- GSI, 10.1%
- Akamai, 8.9%
- 1-800-Flowers.com, 8.6%
Here are the Online Retail Index stocks that performed least well last week and the percentage decline in stock price for the week:
- Bidz.com, -10.1%
- LivePerson, -4.7%
- Systemax, -3.9%
- VistaPrint, -0.8%
- ATG, -0.8%
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.