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 fell in line with the broader market last week.
E-commerce stocks have registered strong gains this year, although they could not escape Wall Street’s worries last week.
The Internet Retailer Online Retail Index of 25 e-commerce stocks lost 3.23% last week. That was in line with the broader market as the Dow Jones Industrial Average slid 2.94% and the Standard & Poor’s 500 Index fell 3.65%.
However, for the year the Online Retail Index is up 7.50%, while the Dow slid 2.73% and the S&P fell 3.44%.
Here are the best-performing stocks last week in the Online Retail Index and the percentage gain in stock price for each:
- DemandTec, 6.8%
- Shutterfly, 4.9%
- NutriSystem, 2.5%
- Drugstore.com, 1.8%
- PetMed Express, 1.6%
Here are the Online Retail Index stocks that performed least well last week and the percentage decline in stock price for the week:
- U.S. Auto Parts Network, -15.2%
- 1800Flowers.com, -12.5%
- Systemax, -9.0%
- RealNetworks, -7.5%
- United Online, -7.4%
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., 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.