E-commerce stocks beat the market in an up week on Wall Street

Category: Internet Stocks, Uncategorized

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 stocks14advanced, 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 & Poors 500 had the best performance last week with a 1.74% increase. Blue Niles stock value increased 10.6% last week.

Blue Nile is No. 71 in the Internet Retailer Top 500 Guide. The e-retailer reported earlier this month a 3.7% increase in first quarter sales over the year-earlier period.

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%

Excerpt from:
E-commerce stocks beat the market in an up week on Wall Street

Related Posts
May 30th, 2012
No comments yet

Comments are closed.