A tough year for the stock market got worse in April, leading all major indices to post steep declines in the first four months of 2022. The Publishers Weekly Stock Index, now down to only six companies, dropped 8.8%. Only Pearson saw its stock price increase in the year to date. The PWSI lost Houghton Mifflin Harcourt in early April when the private equity company Veritas Capital completed its acquisition of the learning technology company for $21 per share. Former PWSI member Amazon saw its stock sink after it reported worse than expected first quarter results and offered a tepid outlook for 2022. The company’s share price was down 25.5%, closing at $2,485.63 on April 29.
Source: publishers weekly
