Helped by a 7.8% increase in the Dow Jones Industrial Average, the Publishers Weekly Stock Index jumped 15.5% in September, with all but one of the companies on the Index posting an increase in their stock price. The big winner in the month was Amazon, whose stock priced soared 25.8% as investors continue to see more growth ahead for the e-commerce giant. Other gainers in the month were given a boost by stock buy-back announcements, including Scholastic and John Wiley. During the month, Scholastic announced plans for a "Dutch Auction," under which it will acquire up to $150 million worth of stock for between $27 and $31 per share.
Winners
| Company | Aug. 31 | Sept. 30 | % Change |
|---|---|---|---|
| Amazon | 124.83 | 157.06 | 25.8% |
| McGraw-Hill Cos. | 27.65 | 33.06 | 19.6 |
| Scholastic | 23.43 | 27.82 | 18.7 |
| John Wiley | 35.59 | 40.86 | 14.8 |
| CBS | 13.82 | 15.86 | 14.8 |
| R.R. Donnelley | 15.13 | 16.96 | 12.1 |
| Books-A-Million | 5.41 | 6.00 | 10.9 |
| Borders Group | 1.08 | 1.19 | 10.2 |
Losers
| Hastings Ent. | 7.39 | 6.76 | -8.5 |
| Publishers Weekly | |||
| Stock Index | 367.65 | 424.52 | 15.5 |
| Dow Jones Aver. | 10,014.72 | 10,788.05 | 7.8 |
