SAN FRANCISCO (AFX) -- Internet stocks traded mostly higher Monday as shares of Overstock.com Inc. and InfoSpace Inc. stood out with healthy gains.
The Dow Jones Internet Index was up 0.3% to 91.91, while the technology-heavy Nasdaq Composite Index rose 8.63 points to 2,270.67.
Overstock.com shares spiked in midday trades and were last up 12% to $25.66. The company is slated to make a presentation Tuesday at the J.P. Morgan Global Internet Conference in New York.
InfoSpace shares rose 4% to $25.09 on the heels of a 3% gain Friday. Last week, InfoSpace Chief Executive Jim Voelker spoke with MarketWatch about the company's mobile search strategy. See link to video interview.
Other notable Internet companies with a presence at the J.P. Morgan conference include VeriSign Inc. , aQuantive Inc. , Expedia Inc. , Digital River Inc. , Akamai Technologies Inc. , CNet Networks Inc. and Priceline.com Inc. .
Among the sector's bellwethers, Google Inc. and Amazon.com Inc. shares rose modestly, while eBay Inc. and Yahoo Inc. shares were off fractionally.
Deutsche Bank analyst Jeetil Patel wrote that he believes eBay's stock will remain 'choppy' through the summer months for a number of reasons, including tough listings comparisons and increasing competition from Google offerings.
Other Net stocks on the move included ValueClick Inc. , which saw its shares rise 3.3%. This story was supplied by MarketWatch. For further information see www.marketwatch.com.