SaaS 20 Stock Index Holds Steady for Week
During a turbulent week on Wall Street, MSPmentor’s SaaS 20 Stock Index held steady. For the week ended July 11, the index was essentially flat. Of the 20 index members, 10 companies saw their shares rise and 10 saw them fall.
The index’s biggest winners were Athenahealth (ATHN, +14.90%), Constant Contact (CTCT, +7.89%) and RightNow (RNOW, +7.12%). The biggest one-week losers were EMC Corp. (EMC, -15.42%) and Salesforce.com (CRM, -6.29%). For the year to date (YTD) 2008, the index has declined 19.70%.
I’ll be back Monday, July 14 with more analysis of the latest weekly results. Here’s a look at the entire SaaS 20 Stock Index.