In its second-largest acquisition, Amazon buys the company for $970 million.
The daily deal operator enjoyed a strong stock price gain last week.
Groupon Inc. last week enjoyed a 23% spike in its stock price before another report questioning the long-term value of its vouchers to merchants brought that price back down on Monday. Still, the Groupon gains helped to produce positive movement for the Internet Retailer Online Retail Index last week.
Stock prices tracked by the Online Retail Index increased by 3.9% last week. The Dow Jones Industrial Average increased by 2.15% and the Standard & Poor’s 500 Index increased by 1.94% in value last week.
Of the 25 stocks in the Online Retail Index, 21 had increases, while the stocks of three companies decreased in value and one remained flat.
Following are the best-performing stocks last week in the Online Retail Index and the percentage gain in stock price for each:
• Groupon, 23.4%
• U.S. Auto Parts Network, 12.3%
• eGain, 10.7%
• LivePerson, 8.1%
• Coastal Contacts, 7.2%
Following are the Online Retail Index stocks that performed least well last week and the percentage decrease in stock price for the week:
• Bluefly, -9.2%
• 1-800 Flowers.com, -4.1%
• Blue Nile, -0.6%
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., Digital River Inc., eBay Inc., eGain Communications Corp., Groupon Inc., 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.