Private investment firm Comvest Partners acquires the financially troubled e-retailer, which filed for Chapter 11 bankruptcy protection in March.
Investors in e-commerce stocks could enjoy their Memorial Day barbecues after a strong week on Wall Street for e-retailers and their technology vendors.
The Internet Retailer Online Retail Index of 25 e-commerce stocks gained 2.13% last week, outpacing the broader market. The Dow Jones Industrial Average lost 0.56% and the Standard & Poor’s 500 Index gained a slim 0.16%.
Only six stocks in the Online Retail Index lost ground last week. Netflix was the star of the index, reeling in an 11.7% gain for the week.
Here are the best-performing stocks last week in the Online Retail Index and the percentage gain in stock price for each:
- Netflix, 11.7%
- GSI, 8.6%
- Drugstore.com, 7.2%
- Digital River, 5.1%
- NutriSystem, 4.8%
Here are the Online Retail Index stocks that performed least well last week and the percentage decline in stock price for the week:
- PetMed Express, -3.5%
- Blue Nile, -3.2%
- Overstock, -2.4%
- 1-800-Flowers.com, -1.5%
- RealNetworks, -1.1%
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.