Amazon (AMZN +2.5%) crosses $300 for the first time and closes just slightly below the mark...
Jul 11 2013, 17:17 ET
Amazon (AMZN +2.5%) crosses $300 for the first time and closes just slightly below the mark after ChannelAdvisor (ECOM +3.6%) reports same-store sales for clients relying on Amazon rose 30.6% Y/Y in June, better than May's disappointing 25.8% and even with April. eBay (EBAY +1.8%) clients posted 17.7% same-store growth, up from May's 16% but below April's 20.5% - auctions -17.2%, fixed-price sales +18.9%, Motors +27.8%. In a positive for Google (GOOG +1.7%), search ad-driven same-store sales rose 5.1% and shopping engine sales 10%; those numbers are better than May's -0.8% and +0.3%. Topeka notes Amazon faced tougher comps in June than May.