With the stock prices of 11 of the 13 companies in the Publishers Weekly Stock Index rising in May, the PWSI increased 2.6% in the month. Houghton Mifflin Harcourt had the largest gain helped by its announcement in mid-May that it was repurchasing some of the shares owned by stockholders affiliated with HMH investors Paulson & Co. The share price of Educational Development Corp. increased 11.1% in the month, driven in part by its announcement in late May that it had record revenue in the fiscal year ended Feb. 28, 2015. Books-A-Million’s share price rose 8.4% in the month, and at $3.10 per share BAM’s shares were still selling well above the $2.75 per share offer the Anderson family has made to take the retailer private.

Winners
Company Apr. 30 May 29 % Change
Houghton Mifflin Harcourt 22.86 26.38 15.4%
Educational Dev. Corp. 4.34 4.82 11.1%
Scholastic 40.64 44.45 9.4%
Books-A-Million 2.86 3.10 8.4%
Barnes & Noble 21.90 23.52 7.4%
News Corp 15.15 15.78 4.0%
Losers
CBS 62.13 61.72 -0.6%
Pearson 20.24 20.13 -0.5%
Publishers Weekly Stock Index 719.74 738.74 2.6%
Dow Jones Aver. 17,840.52 18,010.68 0.9%