Investors may be losing interest in online retail stocks as CDNow sinks on a failed merger, online grocer Peapod considers a sale after the loss of its CEO, and shares of HomeGrocer barely hover above its IPO price.
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Failed merger hits CDNow where it hurts
Once riding the rising tide for e-commerce issues, companies such as CDNow watch their shares sink as deals fall through and investors look toward other opportunities.
Peapod considers possible sale as CEO leaves
Shares of the online grocer plummet after the resignation of its CEO and the cancellation of a potential $120 million investment.
HomeGrocer closely watched on first day of trading
Shares of HomeGrocer.com rose today in the first day following its initial public offering, but its ripe gains could soon spoil.