October 31, 2011, 8:58 AM

E-commerce stocks advance for the week, though some earnings reports fall flat

The Internet Retailer Online Retail Index advanced 3.61% last week.

Don Davis

Editor in Chief

Lead Photo

The stock market rebounded last week, and e-commerce stocks were right in the middle of the action.

The Internet Retailer Online Retail Index, which tracks the stocks of 25 online retailers and e-commerce technology providers, moved up 3.61% last week, right in line with the broader market. The Dow Jones Industrial Average advanced 3.58% and the Standard & Poor’s 500 Index moved up 3.78%.

Several e-commerce companies reported earnings last week, and they got mixed reviews on Wall Street. Among the reporting companies whose shares advanced were Akamai Technologies, whose content delivery network accelerates web sites, and online retailer 1800Flowers.com. E-retailers Shutterfly, Overstock and Amazon all moved lower after reporting quarterly results. Amazon lost 7.4% of its share value over profit worries, despite reporting a 44% increase in sales.

And Netflix absorbed another pummeling after disclosing that it had lost 800,000 U.S. subscribers last quarter following a botched effort to raise prices.

Here are the best-performing stocks last week in the Online Retail Index and the percentage gain in stock price for each:

• eGain, 27.1%

• Akamai, 18.6%

• VistaPrint, 17.2%

•1800Flowers.com, 13.2%

• DemandTec, 12.8%

Here are the Online Retail Index stocks that performed least well last week and the percentage loss in stock price for the week:

• Netflix, -28.1%

• Digital River, -14.8%

• Overstock, -12.0%

•Shutterfly, -9.7%

•Bidz.com, -8.9%

The 25 companies in the Internet Retailer Online Retail Index are: 1-800-Flowers.com Inc., Akamai Technologies, Amazon.com Inc., American Greetings Corp., Bidz.com Inc., Blue Nile Inc., Bluefly Inc., Coastal Contacts Inc., DemandTec Inc., Digital River Inc., eBay Inc., eGain Communications Corp., Keynote Systems Inc., LivePerson Inc., Netflix Inc., NutriSystem Inc., Overstock.com Inc., PetMed Express Inc., Shutterfly Inc., Systemax Inc., U.S. Auto Parts Network, United Online Inc. (owner of FTD.com), ValueClick Inc., Vistaprint Ltd and Vitacost.com Inc.

Comments

Sign In to Make a Comment

Comments are moderated by Internet Retailer and can be removed.

Not a member? Signup for free today!

Advertisement

Advertisement

Advertisement

Relevant Commentary

FPO

Bill Siwicki / Focus on Mobile Commerce

Amazon Phone rumors reach a boiling point

Will Amazon take on Apple in a hardware war?

FPO

Stefany Moore / E-Retailer Watch

Top 500 Twitter trivia

As a thank you, we’re giving away free Top 500 Guides starting Mon., May 13. ...

Advertisement

!True!

To skip advertisement, click the "Continue to Site" link to the right.

— Internet Retailer
Continue to site

Advertisement