Company June 28 July 31 % Change
Stocks in the Publishers Weekly Stock Index could not escape the stock market's downward spiral in July. The PWSI fell 5.9% in the month, only slightly worse than the 5.5% decline posted by the Dow Jones Industrial Average. The stock prices of 16 companies fell in the month, with only four increasing. Millbrook's stock price was unchanged at $1.70. The biggest loser in the month was MediaBay, whose bubble burst after a long price run up; its price fell 30.6% in the month. A disappointing quarterly report dropped the stock price of Advanced Marketing Services 19.4%, while Barnes & Noble endured another rough month, with its stock price down 18.5% in July, and its stock price is down 30% over the last two months. Thomas Nelson's stock continues to be one of the most volatile on the PWSI, rising 18.8% in July after falling 19.1% in June.
Source: Reed Business Information
Winners
Thomas Nelson 10.56 12.55 18.8%
McGraw-Hill Cos. 59.70 62.55 4.8
Scholastic 37.96 38.99 2.7
R.R. Donnelley 27.55 27.79 0.9
Losers
Media Bay 4.80 3.33 -30.6%
Hastings 7.25 5.71 -21.2
Advanced Marketing Svs. 18.30 14.75 -19.4
Barnes & Noble 26.43 21.45 -18.5
Reed 39.00 34.51 -11.5
Publishers Weekly
Stock Index 410.49 386.38 -5.9%
Dow Jones Average 9,243.26 8,736.59 -5.5%