Industry Stocks: February Performances

Company Jan. 29 Feb. 26 % Change
Although winners outnumbered losers by a count of nine to six on the Publishers Weekly Stock Index in February, the overall index still fell slightly, dropping 1.0% in the month. The biggest factor for the decline was the $7.01 drop in the stock price of Amazon, which lowered the price of the high-flying e-tailer's share price to $118.40 at the end of February. Ironically, the biggest winner in the month was Borders Group, whose stock price shot past the $1.00 level to $1.42 largely due to a vote of confidence from its largest shareholder, William Ackerman, who said early in February he didn't think bankruptcy was likely for the bookstore chain. Speculation about a possible takeover attempt by Ron Burkle of Barnes & Noble kept that company's stock price bubbling early in February, but disappointing earnings at the end of the month limited the increase of B&N's February gains.
Source: Reed Business Information
Winners
Borders Group .86 1.42 65.1%
Barnes & Noble 17.48 20.07 14.8
Courier Corp. 13.98 15.39 10.1
Disney Corp. 29.55 31.24 5.7
Hastings Ent. 4.24 4.37 3.1
Losers
Amazon 125.41 118.40 -5.6
Reed Elsevier 31.85 30.12 -5.4
McGraw-Hill Cos. 35.45 34.20 -3.5
Scholastic 29.90 29.40 -1.7
Books-A-Million 6.37 6.29 -1.2
Publishers Weekly
Stock Index 389.76 385.68 -1.0
Dow Jones Aver. 10,067.33 10,325.26 2.6