Internet Stocks — Roaring All Year — Are Speechless Over the Last Month
Overall, a variety of Internet tech companies have had a very good year when it comes to the stock market. Since the beginning of January, for example: Yahoo shares are up close to 33 percent; Microsoft gained more than 30 percent; Google has risen more than 23 percent; AOL is up close to 19 percent; Amazon has gained close to 10 percent; and eBay has risen just above two percent.
The only Debbie Downers of tech investing in the period? Facebook (down close to 10 percent) and Apple (down nearly 20 percent).
But the past month has been another story, with most Web company shares down, down, and some more down: Yahoo (down 1.6 percent); Google (down .05 percent); AOL (down 10 percent); eBay (down 6.5 percent); Apple (down 3.4 percent); and Facebook (down 10 percent).
The gainers: Amazon up just over four percent; and Microsoft, which is seeing a lot of activist shareholder interest of late, is up 6.6 percent.
One bright spot? Shares of the long-troubled daily deals site, Groupon: Its stock is up an impressive 46.5 percent for the year, and close to 14 percent over the last 30 days.