Private investment firm Comvest Partners acquires the financially troubled e-retailer, which filed for Chapter 11 bankruptcy protection in March.
The Internet Retailer Online Retail Index gained 3.6% last week, as all but four of the 25 stocks in the index advanced. The e-commerce index advanced faster than the broader market and is now up nearly 60% for the year.
E-commerce stocks advanced faster than the broader market last week, reversing the trend of the last month.
The Internet Retailer Online Retail Index of 25 e-commerce stocks gained nearly 3.6% last week, while the Dow Jones Industrial Average gained 1.7% and the Standard & Poor’s 500 Index 2.6%. For the year, the Online Retail Index is ahead nearly 60%, while the Dow is up 9.5% and the S&P; 15.4%.
Only four of the 25 stocks in the Online Retail Index failed to make gains last week.
Here are the best-performing stocks last week in the Online Retail Index and the percentage price increase for each:
- Omniture, 14.3%
- Blue Nile, 9.9%
- eBay, 7.5%
- Shutterfly, 7.4%
- Amazon, 7.2%
Here are the Online Retail Index stocks that performed least well last week and the percentage decline in stock price for the week:
- Bidz.com, -8.3%
- Systemax, -2.6%
- PetMed Express, -1.6%
- LivePerson, -1.0%
- Drugstore.com, +0.4 %
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.