7/06/09

E-commerce stocks slump in a less than dandy pre-holiday Wall Street week

Only three of the 25 e-commerce stocks in the Internet Retailer Online Retail Index made gains last week, as the index slipped 2.6%. The broader stock market did only slightly better.

Katie Evans , Managing Editor, International Research

Last week was a dud for e-commerce stocks and Wall Street as a whole.

The Internet Retailer Online Retail Index of 25 e-commerce stocks fell back 2.6% last week, while the Dow Jones Industrial Average lost 2.0% and the Standard & Poor’s 500 Index slipped 2.5%.

For the year, the Online Retail Index remains ahead nearly 34%, while the S&P; is down 0.7% and the Dow down 5.5%.

Only three of the 25 stocks in the Online Retail Index gained last week, led for the second week in a row by greeting card manufacturer and web retailer American Greetings, whose shares gained 14% for the week.

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

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

The 25 companies in the Internet Retailer Online Retail Index are: 1-800-Flowers.com Inc., Akamai Technologies Inc., 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.

Topics:

business, Dow Jones Industrial Average, Drugstore.com, Overstock.com

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