Wall Street gave back some of its recent gains last week, but e-commerce stocks fared better than the market as a whole.
The Internet Retailer Online Retail Index fell 0.71% last week, while the Dow Jones Industrial Average declined 1.58% and the Standard & Poor’s 500 Index fell 2.24%. For the year, the Online Retail Index of 25 e-commerce stocks is ahead nearly 70%, while the Dow is up 10% and the S&P 500 almost 16%.
American Greetings was the big winner in the Online Retail Index for the week. Investors bid up shares in the greeting cards retailer 27% last week after the company reported a big second quarter gain in profits, despite lower web and total sales. But it was one of only seven of the 25 companies in the Online Retail Index to advance for the week.
Here are the best-performing stocks last week in the Online Retail Index and the percentage price increase for each:
- American Greetings, 27.0%
- 1-800-Flowers.com, 13.9%
- RealNetworks, 9.4%
- LivePerson, 3.8%
- Akamai, 2.9%
Here are the Online Retail Index stocks that performed least well last week and the percentage decline in stock price for the week:
- Keynote Systems, -9.6%
- Drugstore.com, -9.5%
- NutriSystem, -8.4%
- DemandTec, -5.9%
- ATG, -5.8%
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., Omniture Inc., Overstock.com Inc., PetMed Express Inc., RealNetworks Inc., Shutterfly Inc., Systemax Inc., United Online Inc. (owner of FTD.com) and VistaPrint Ltd.
Back...
