COMPANY APRIL 30 MAY 30 % CHG. CHANGE
Even though there were as many winners as losers among the 16 companies listed on the Publishers Weekly Stock Index, the PWSI managed to post a 2.6% increase in May. The gain was led by Marvel Entertainment, whose stock price received a big boost from the blockbuster movie Iron Man. Scholastic’s stock price bounced back in May after two down months; late in the month the publisher announced a $20-million stock buyback program. All three bookstore chains released first-quarter results in May and all had a decline in their stock price. Books-A-Million’s share price fell 7.3% in May, the second consecutive month that BAM had the largest decline among PWSI companies.
Source: Reed Business Information
Winners
Marvel Ent. 28.69 34.03 18.6%
Scholastic 28.15 31.10 10.5
R.R. Donnelley 30.64 32.83 7.1
Amazon 78.63 81.62 3.8
Pearson 13.17 13.53 2.7
Losers
Books-A-Million 8.10 7.51 -7.3
CBS 23.07 21.58 -6.4
Barnes & Noble 32.28 30.51 -5.5
Educational Dev. Corp. 6.30 6.04 -4.1
Borders Group 6.30 6.14 -2.5
Publishers Weekly
Stock Index 426.81 437.82 2.6
Dow Jones Aver. 12,820.13 12,638.32 -1.4