3/08/10

E-commerce stocks rocket into the black for 2010 with a blockbuster week

The Internet Retailer Online Retail Index of 25 stocks jumped ahead 7.75% last week, by far its strongest showing of the year. Only two of the 25 stocks failed to gain during a week when the broader stock market also moved up sharply.

Zak Stambor , Managing Editor

It was a terrific week for Wall Street and an even better one for e-commerce stocks.

The Internet Retailer Online Retail Index of 25 stocks jumped ahead 7.75% last week, by far its strongest showing of the year. The broader market also advanced, with the Dow Jones Industrial Average improving by 2.33% and the Standard & Poor’s 500 Index gaining 3.10%.

The bounceback week moved all three indexes into positive territory for 2010. The Online Retail Index is now ahead 3.3% since the first of the year, the Dow up 1.32% and the S&P500; 2.12% to the good.

Twenty-three of the 25 stocks in the Online Retail Index advanced last week, led by U.S. Auto Parts Network, one of 11 e-commerce companies to register double-digit gains.

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

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

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., Overstock.com Inc., PetMed Express Inc., RealNetworks Inc., Shutterfly Inc., Systemax Inc., U.S. Auto Parts Network, United Online Inc. (owner of FTD.com) and VistaPrint Ltd.

Topics:

business finance, Technology Internet

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