Top Online Retail Stocks Mixed On Cyber Monday
Although early indications point to Cyber Monday being successful and yielding more sales than in 2008, the top online retail stocks were mixed in the day’s trading. eBay (NASDAQ: EBAY) cautiously added a dollar and a quarter to close at $24.47, while Amazon (NASDAQ: AMZN) performed similarly, rising $4.17 to $135.91. The story was different at Dell (NASDAQ: DELL), which inched into negative territory, shedding 2 cents to end the day at $14.12.
Shares of traditional retailers, by contrast, typically traded slightly down or sideways on Monday.
“Cyber Monday” is a term dating from 2005 to refer to the first weekday after Black Friday. The latter is traditionally the heaviest shopping day of the year.
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