Private investment firm Comvest Partners acquires the financially troubled e-retailer, which filed for Chapter 11 bankruptcy protection in March.
Bidz led the way for the second week in the row as the Internet Retailer Online Retail Index outpaced the broader market.
But the news was not so good last week for Shutterfly, which had the second-highest increase among the Online Retail Index stocks for the week ended Feb 11. Last week, Shutterfly suffered the biggest loss, giving up almost 7%.
It’s been a good year so far for the stock market as a whole including e-commerce stocks. The Online Retail Index is up 7% for the year, right in line with the increase in the broader market.
For last week, however the Online Retail Index outpaced the market as a whole. The e-commerce index advanced nearly 1.5% while the Dow Jones Industrial Average gained 1.50% last week and the Standard & Poor’s 500 Index both gained right around 1%.
Despite the solid gain, winners outpaced losers in the Online Retail Index only by 13 to 12.
Here are the best-performing stocks last week in the Online Retail Index and the percentage gain in stock price for each:
• Bidz.com, 15.1%
• Drugstore.com, 10.2%
• NutriSystem, 9.6%
• ValueClick, 8.2%
• Keynote Systems, 5.3%
Here are the Online Retail Index stocks that performed least well last week and the percentage loss in stock price for the week:
• Shutterfly, -6.8%
• Overstock, -5.5%
• PetMed Express, -2.9%
• VistaPrint, -2.1%
• U.S. Auto Parts Network, -1.6%
The 25 companies in the Internet Retailer Online Retail Index are: 1-800-Flowers.com Inc., Akamai Technologies, Amazon.com Inc., American Greetings Corp., Bidz.com Inc., Blue Nile Inc., Bluefly 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), ValueClick Inc. and VistaPrint Ltd.