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A rising tide lifts e-commerce stocks
The Internet Retailer Online Retail Index jumped 7% last week.
Editor in Chief
Topics: Bidz.com, Blue Nile, Dow Jones Industrial Average, e-commerce stocks, EGain, Internet Retailer Online Retail Index, LivePerson, Shutterfly, Standard & Poor’s 500 Index, Systemax, U.S. Auto Parts
Thanksgiving came a week late for e-commerce stocks, which rebounded from a dreadful holiday week as the stock market as a whole bounced back, buoyed in part by strong retail sales over the holiday weekend.
The Internet Retailer Online Retail, which tracks the stocks of 25 online retailers and e-commerce technology and service providers, rose 7.04% in a week when the Dow Jones Industrial Average gained 7.01% and the Standard & Poor’s 500 Index moved up 7.39%.
Following a week in which only one stock in the Online Retail Index advanced, that of online jewelry retailer Blue Nile, 21 of the 25 index stocks gained last week.
Here are the best-performing stocks last week in the Online Retail Index and the percentage increase in stock price for each:
• U.S. Auto Parts Network, 19.2%
• Systemax, 16.0%
• Keynote Systems, 15.4%
• Blue Nile, 15.1%
Here are the Online Retail Index stocks that performed least well last week and the percentage change in stock price for the week:
• eGain, -9.9%
• Shutterfly, -7.0%
• Bidz.com, -5.0%
• Vitacost, -0.3%
• Digital River, +1.7%
The 25 companies in the Internet Retailer Online Retail Index are: 1-800-Flowers.com Inc., Akamai Technologies, Amazon.com Inc., American Greetings Corp., 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.