A disappointing holiday season was a big factor in driving down the stock price of Barnes & Noble in January as its share price fell 11.6% in the month, the largest decline of stocks on the Publishers Weekly Stock Index. January was not a good month for the other bricks-and-mortar stores on the PWSI as Books-A-Million's share price fell 9.0% and hasting Entertainment's stock declined 1.4%. In contrast, Amazon's stock price jumped by almost $15 in the month even as investors and analysts debated whether the fact that the company generated $61 billion in revenue in 2012 but still lost a small amount of money is good or bad. The biggest gain in the month came from Courier Corp., whose stock fell 9.3% in 2012, but, helped by an encouraging quarterly report, posted a 13.6% increase in its share price last month. Overall, the stock prices of eight companies on the PWSI rose, while five fell. McGraw-Hill has been dropped since its pending sale of McGraw-Hill Education will knock it out of publishing.
|Company||Dec. 31, 2012||Jan. 31, 2013||% Change|
|Educational Dev. Corp.||3.81||3.95||3.7|
|Barnes & Noble||15.09||13.34||-11.6|
|PW Stock Index||510.99||534.74||4.6|
|Dow Jones Aver.||13,104.14||13,860.58||5.8|