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U.S. Auto Parts Network loses in the Internet Retailer Online Retail Index
Overall, e-commerce stocks decreased 0.60% last week.
Investors continue to sour on U.S. Auto Parts Network, whose stock price declined by more than 15% in last week’s Internet Retailer Online Retail Index. The decrease followed an Aug. 22 downgrade of the stock to “underperform” from “market perform” by Barrington Research, which worries about the e-retailer’s ability to attract consumers and revenue in an “increasingly competitive market.”
Overall the Online Retail Index declined by 0.60% last week. The Dow Jones Industrial Average decreased by 0.51% and the Standard & Poor’s 500 Index decreased by 0.32% in value last week.
Of the 25 stocks in the Online Retail Index, 13 had increases, while the stocks of 11 companies decreased in value, and one was flat.
Following are the best-performing stocks last week in the Online Retail Index and the percentage gain in stock price for each:
• Vitacost, 6.6%
• PetMed Express, 4.9%
• LivePerson, 3.6%
• Overstock, 2.7%
• Bidz.com, 2.7%
Following are the Online Retail Index stocks that performed least well last week and the percentage decrease in stock price for the week:
• U.S. Auto Parts Network, -15.5%
• Groupon, -6.5%
• Netflix, -5.4%
• Vistaprint, -5.1%
• eGain, -4.5%
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.