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U.S. Auto Parts gained 24.5% after disclosing plans to buy Whitney Automotive.
Investors raced to scoop up shares in U.S. Auto Parts Network last week after the e-retailer announced plans to purchase catalog and web retailer Whitney Automotive Group. But the rest of the e-commerce sector was stuck in neutral, at best.
The 25 companies tracked by the Online Retail Index very nearly split down the middle last week, with 12 advancing and 13 losing ground. But five online retailers that reported earnings in the past two weeks took double-digit hits: drugstore.com, Overstock.com, RealNetworks, United Online and Blue Nile.
Overall, the Internet Retailer Online Retail Index lost 0.96% last week, while the broader market gained. The Dow Jones Industrial Average advanced 1.79% and the Standard & Poor’s 500 Index moved up 1.82%.
Here are the best-performing stocks last week in the Online Retail Index and the gain in stock price for each:
U.S. Auto Parts Network, 24.5%
Here are the Online Retail Index stocks that performed least well last week and the percentage loss in stock price for the week:
United Online, -13.3%
Blue Nile, -11.1%
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., 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), Vitacost.com Inc. and VistaPrint Ltd.