E-commerce stocks outperform the broader market
The Internet Retailer Online Retail Index gained 3% last week.
Most e-commerce stocks tracked in the Internet Retailer Online Retail Index posted gains last week.
Among the top gainers last week was Amazon.com Inc., whose stock rose after the e-retailer posted a 33.8% increase in first quarter revenue, going from $9.86 billion in Q1 2011to $13.19 billion. Amazons stock value climbed 19.4% last week over the prior week. Amazon is No. 1 in the Internet Retailer Top 500 Guide.
Daily deal provider Groupon Inc.s stock rebounded last week with a 7.6% gain. Since the markets close March 30 when Groupon announced it was restating its fourth quarter earnings, its stock had lost value each week until last week. Still, the stock has fallen from its March 30 closing price of $18.38 to $11.98, a 34.8% decrease.
Online jeweler and auctioneer Bidz.com Inc., No. 150, led the index with a 26.5% gain, going from 49 cents to 62 cents last week. Netflix Inc., No. 13, led the losers with a 21.1% decrease following a $4.58 million Q1 loss reported last week.
The Online Retail Index tracks 25 publicly traded e-retailers and e-commerce technology providers. Most20had gains last week, with four losing value and one, Coastal Contacts Inc., No. 117, flat.
Overall, the Online Retail Index increased 3.00% last week, ahead of the broader market. The Dow Jones Industrial Average increased 1.53% and the Standard & Poors 500 increased 1.80% last week.
Following are the best-performing stocks last week in the Online Retail Index and the percentage increase in stock price for each:
Bidz.com, 26.5%
Amazon, 19.4%
Here is the original post:
E-commerce stocks outperform the broader market