Winners
Company Apr. 29 May 31 % Change
Amazon 659.59 722.79 9.6%
John Wiley 49.59 53.88 8.6%
Scholastic 36.38 39.05 7.3%
Pearson 11.74 12.13 3.3%
Losers
Barnes & Noble 11.75 11.63 -1.0%
CBS 55.91 55.20 -1.3%
News Corp 12.96 12.34 -4.8%
R.R. Donnelley 17.40 16.29 -6.3%
Houghton Mifflin Harcourt 20.51 17.20 -16.1%
Educational Dev. Corp. 14.12 10.65 -24.6%
Publishers Weekly Stock Index 889.95 951.16 6.9%
Dow Jones Aver. 17,773.84 17,787.20 0.1%

With Amazon’s stock price closing at a 52-week high of $722.79 on May 31, the Publishers Weekly Stock Index rose 6.9% in the month. The e-tail giant’s stock price has been on a steady climb since it reported a blockbuster first quarter in April. Excluding Amazon, the PWSI dipped 0.8%, close to the very marginal 0.1% increase for the Dow Jones Industrial Average in May. The biggest loser in May, Educational Development Corp., was something of a surprise. The company posted nothing by positive financial news throughout the spring and on May 26 reported record revenue and earnings for fiscal 2016, but its share price dropped 24.6% in the month. Some of the decline might be due to investors taking profits—EDC’s 52-week low was $4.28 per share.

Source: Publishers Weekly