Company | October 31 | November 29 | % Change |
With 13 companies posting higher stock prices in the month, the Publishers Weekly Stock Index rose 3.1% in November, a better performance than the 1.9% gain recorded in October, but a slower rate than the 5.9% increase in the Dow Jones Industrial Average. Stock prices at eight companies fell in the month. The biggest gainer was Courier Corp., which had a 22.2% increase in the month and closed just off its 52-week high at the end of November. A strong quarterly report and optimistic outlook for fiscal 2003 helped spark the gain. A generally upbeat outlook for holiday online shopping contributed to a 21.5% increase at Amazon.com, while record October sales drove up Educational Development Corp.'s stock price 18.7%. A significant reduction in its earnings forecast for the fourth quarter was a major factor in driving down Hastings Entertainment's stock price 24.3% in November, the largest decline among the companies tracked on the PWSI. Source: Reed Business Information | |||
Winners | |||
Courier Corporation | 37.45 | 45.75 | 22.2% |
Amazon.com | 19.36 | 23.35 | 21.5 |
Educational Development Corp. | 6.38 | 7.57 | 18.7 |
Barnes & Noble | 21.10 | 23.67 | 12.2 |
Pearson | 10.70 | 11.58 | 8.2 |
Losers | |||
Hastings Entertainment | 6.14 | 4.65 | -24.3% |
Advanced Marketing Services | 17.45 | 15.60 | -10.6 |
McGraw-Hill Cos. | 64.50 | 59.29 | -8.1 |
John Wiley | 21.98 | 21.30 | -3.1 |
Reed International | 36.30 | 35.36 | -2.6 |
Publishers Weekly | |||
Stock Index | 385.66 | 397.73 | 3.1% |
Dow Jones Average | 8,397.03 | 8,896.09 | 5.9% |
Industry Stocks: November Performances
Dec 09, 2002
A version of this article appeared in the 11/11/2002 issue of Publishers Weekly under the headline: