Company | October 31 | November 30 | % CHANGE |
With investors once again seeing stocks as an attractive investment, the Publishers Weekly Stock Index rose 5.7% in November, with 11 stock prices moving up and nine down. The Dow Jones Industrial Average had an 8.5% gain in the month. The biggest winner in November was Amazon.com, whose stock price jumped 62.2%; the company's early holiday sales performance was better than expected. Reader's Digest stock rose 27.1% in the month after being battered in October by a series of bad news, including the anthrax scare. Hastings Entertainment, whose stock price has done very well in recent months, fell 39.1% in November as the company's third-quarter loss was higher than projected. After losing almost a third of its value in the middle of the month when it released disappointing third-quarter results, Barnes & Noble's stock price finished the month down 15.9% as the retailer's share price rose by more than $3 on November 30 after some encouraging news about November sales. Source: Cahners Publishing | |||
Winners | |||
Amazon.com | 6.98 | 11.32 | 62.2% |
Reader's Digest | 17.70 | 22.50 | 27.1 |
Borders Group | 15.59 | 19.25 | 23.5 |
Courier Corp. | 25.00 | 29.89 | 19.6 |
R. R. Donnelley | 25.50 | 29.30 | 14.9 |
Losers | |||
Hastings Entertainment | 8.28 | 5.04 | -39.1% |
Barnes & Noble | 36.75 | 30.90 | -15.9 |
Educational Dev. Corp. | 5.74 | 5.25 | -8.5 |
Scholastic | 44.70 | 43.45 | -2.8 |
Banta | 29.05 | 28.78 | -0.9 |
Publishers Weekly | |||
Stock Index | 333.97 | 353.04 | 5.7% |
Dow Jones Average | 9,075.14 | 9,851.56 | 8.5% |
Industry Stocks: November Performances
Dec 10, 2001
A version of this article appeared in the 12/10/2001 issue of Publishers Weekly under the headline: