3/23/09

LivePerson lives it up as e-commerce stocks advance ahead of the market

Led by web chat vendor LivePerson, whose stock price jumped nearly 24% last week, the Internet Retailer Online Retail Index of 25 e-commerce stocks increased by 2.3% last week. The Dow eked out an increase of under 1% and the S&P 500 moved ahead by 1.6%.

Katie Evans , Managing Editor, International Research

Live chat vendor LivePerson Inc. led the way last week as the 25 e-commerce stocks tracked in the Internet Retailer Online Retail Index gained 2.3%. That outdid the performance of the broader market as measured by the Dow Jones Industrial Average, which was up less than 1%, and the Standard and Poor’s 500 Index, which gained 1.6%.

As of the market close Friday, the Online Retail Index stood at 105.2, meaning it is ahead 5.2% since Jan. 1, 2009.

Fifteen of the 25 stocks in the e-commerce index gained last week, while 10 lost value. Here are the best-performing stocks last week in the Online Retail Index and the percentage price increase for the week:

Here are the Online Retail Index stocks that fell in price the most last week and the percentage price decline for the week:

The 25 companies in the Internet Retailer Online Retail Index are: 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., Interwoven 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.

Topics:

business, CyberSource, Dow Jones Industrial Average, Mass media

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