Company May 31 June 29 % Change
Following two months of strong gains, the Publishers Weekly Stock Index fell slightly in June, dropping 1.3% as the stock prices of 10 companies declined and rose at seven. The overall decline was in line with the Dow Jones, which was off 1.6% for the month. Scholastic had the best showing in June, helped by a June 1 announcement of a stock repurchase program. News that the government might oppose the merger of Whole Foods Market and Wild Oats Market, two chains that specialize in selling natural foods, contributed to declines at Borders and Barnes & Noble as investors reasoned the opposition to the merger of the two supermarket chains would mean that a deal between B&N and Borders would face intense government scrutiny.
Source: Reed Business Information
Winners
Scholastic 31.77 35.94 13.1%
John Wiley 45.85 48.29 5.3
Books-A-Million 16.44 16.49 3.0
Losers
Borders Group 22.15 19.06 -14.0
Barnes & Noble 42.77 38.47 -10.0
Marvel Entertainment 27.61 25.48 -7.7
Pearson 17.78 16.84 -5.3
Reed Elsevier 54.02 51.70 -4.3
Publishers Weekly
Stock Index 541.90 534.56 -1.3
Dow Jones Ave. 13,627.64 13,408.62 - 1.6