The online apparel retailer’s filing for Chapter 11 bankruptcy protection has drawn several potential suitors, including rapper West and music executive Damon Dash, Karmaloop ...
Its stock led the Internet Retailer Online Retail Index last week.
Consumers spent more than 1 billion hours watching Netflix Inc.’s online programming in June, setting a record, according to CEO Reed Hastings’ post on Facebook last week.
That post elicited a positive reaction from investors, says Colin Sebastian, senior research analyst, Internet and interactive entertainment, at investment banking firm Robert W. Baird & Co. “Netflix was up because the CEO made positive comments on his Facebook page,” Sebastian says.
Netflix’s stock soared 19.6%, closing at $81.89 on Friday, July 6, compared with $68.49 on June 29. It led last week’s index. No other stock posted a double-digit increase.
Meanwhile, daily deal provider Groupon Inc. had the biggest loss for the week, losing 20.6%.
Netflix is No. 8 in the Internet Retailer Top 500 guide.
Overall, the Online Retail Index was flat week over week with a 0.01% decrease. The Dow Jones Industrial Average and the Standard & Poor’s 500 each advanced 1.35% and 1.93%, respectively.
Of the 25 stocks in the index, 10 had increases last week, while the stocks of 14 companies decreased in value. Bidz.com Inc. was unchanged.
Following are the best-performing stocks last week in the Online Retail Index and the percentage gain in stock price for each:
• Netflix, 19.6%
• Bluefly, 6.4%
• Systemax, 4.7%
• Coastal Contacts, 4.6%
• 1-800-Flowers, 2.9%
Following are the Online Retail Index stocks that performed least well last week and the percentage decrease in stock price for the week:
• Groupon, -20.6%
• eBay, -3.8%
• Keynote Systems, -3.7%
• eGain, -2.9%
• Shutterfly, -2.8%
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.