The Internet Retailer Online Retail Index dropped 1% last week.
Kevin Woodward , Senior Editor
E-commerce stocks tracked in the Internet Retailer Online Retail Index did not weather as well as the broader market last week, posting a 1.0% loss over the previous week. The Dow Jones Industrial Average and the Standard & Poor’s 500 posted 1.7% and 1.3% gains, respectively.
Leading the gainers last week was Keynote Systems Inc., which provides Internet and mobile measurement services, with an 8.1% increase over the prior week’s closing. Keynote Systems’ stock closed at $15.45 last Friday compared with a June 8 closing price of $14.29.
On the other end, Vitacost.com Inc., No. 86 in the Internet Retailer Top 500 Guide, had a 15.0% decrease in its stock value, going from $7.41 on June 8 to $6.30 at the end of last week
The Online Retail Index tracks 25 publicly traded e-retailers and e-commerce technology providers. Thirteen advanced last week, while 12 had decreases.
Following are the best-performing stocks last week in the Online Retail Index and the percentage change in stock price for each:
• Keynote Systems, 8.1%
• Shutterfly, 4.7%
• eGain, 4.5%
• Bidz.com, 3.9%
• 1-800-Flowers, 3.6%
Following are the Online Retail Index stocks that performed least well last week and the percentage loss in stock price for the week:
• Vitacost, -15.0%
• Coastal Contacts, -8.5%
• Vistaprint, -8.4%
• Digital River, -8.3%
• Blue Nile, -7.2%
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.