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 gains 1.5%.
Most e-commerce stocks tracked in the Internet Retailer Online Retail Index advanced last week over the prior week.
The Online Retail Index tracks 25 publicly traded e-retailers and e-commerce technology providers. The majority of index stocks—14—advanced, while 10 lost value and one, Bidz.com Inc., was flat.
Led by online jeweler Blue Nile Inc., the index gained 1.45% last week, outperforming the Dow Jones Industrial Average, which gained 0.69%. The Standard & Poor’s 500 had the best performance last week with a 1.74% increase. Blue Nile’s stock value increased 10.6% last week.
Following are the best-performing stocks last week in the Online Retail Index and the percentage change in stock price for each:
• Blue Nile, 10.6%
• Overstock, 7.2%
• U.S. Auto Parts Network, 6.6%
• LivePerson, 6.2%
• eBay, 5.2%
Following are the Online Retail Index stocks that performed least well last week and the percentage loss in stock price for the week:
• Bluefly, -7.5%
• Systemax, -6.2%
• Vitacost, -4.7%
• Keynote Systems, -3.5%
• eGain, -3.3%
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., Coastal Contacts Inc., Digital River Inc., eBay Inc., eGain Communications Corp., Groupon Inc., Keynote Systems Inc., LivePerson Inc., Netflix Inc., NutriSystem Inc., Overstock.com Inc., PetMed Express Inc., Shutterfly Inc., Systemax Inc., U.S. Auto Parts Network, United Online Inc. (owner of FTD.com), ValueClick Inc., Vistaprint Ltd and Vitacost.com Inc.