eToys, Amazon Rise on Black Friday
Shares of online retailers
eToys
(ETYS)
and
Amazon.com
(AMZN) - Get Amazon.com Inc. Report
bounced today as the holiday shopping season gets into full swing.
Shares of eToys surged 43.6%, or 53 cents, to $1.78, but remained well off the 52-week high of $70.52. Amazon.com recently gained 12.7%, or $3.19, to $28.38 in
Scroll to Continue
TheStreet Recommends
Nasdaq
trading. The year high on Amazon is $113.
Barnes&Noble.com
(BNBN)
rose 9.9%, or 25 cents, to $2.81.
On Tuesday,
Merrill Lynch
analyst Henry Blodget cautioned that Internet stocks faced near-term pressure amid a tough current market environment. But he was more encouraging on Amazon.com, saying the company showed "good improvement in efficiency" and "solid revenue growth."
