With the stock prices of 11 of the 13 companies in the Publishers Weekly Stock Index rising in May, the PWSI increased 2.6% in the month. Houghton Mifflin Harcourt had the largest gain helped by its announcement in mid-May that it was repurchasing some of the shares owned by stockholders affiliated with HMH investors Paulson & Co. The share price of Educational Development Corp. increased 11.1% in the month, driven in part by its announcement in late May that it had record revenue in the fiscal year ended Feb. 28, 2015. Books-A-Million’s share price rose 8.4% in the month, and at $3.10 per share BAM’s shares were still selling well above the $2.75 per share offer the Anderson family has made to take the retailer private.
| Winners | |||
|---|---|---|---|
| Company | Apr. 30 | May 29 | % Change |
| Houghton Mifflin Harcourt | 22.86 | 26.38 | 15.4% |
| Educational Dev. Corp. | 4.34 | 4.82 | 11.1% |
| Scholastic | 40.64 | 44.45 | 9.4% |
| Books-A-Million | 2.86 | 3.10 | 8.4% |
| Barnes & Noble | 21.90 | 23.52 | 7.4% |
| News Corp | 15.15 | 15.78 | 4.0% |
| Losers | |||
| CBS | 62.13 | 61.72 | -0.6% |
| Pearson | 20.24 | 20.13 | -0.5% |
| Publishers Weekly Stock Index | 719.74 | 738.74 | 2.6% |
| Dow Jones Aver. | 17,840.52 | 18,010.68 | 0.9% |
