Company June 30 July 31 % Change
July was a mixed month for the Publishers Weekly Stock Index, with the stock prices of 13 companies increasing while falling at nine. The PWSI was up just under 1% for July compared to a 2.7% increase for the Dow Jones Industrial Average. Steady monthly sales gains at Educational Development Corp. has resulted in a steady increase in its stock price this year, and July was no exception as the publisher's stock price shot up 27%. Amazon.com's strong second-quarter results and optimistic outlook for the remainder of the year drove its stock price up 14.6%. Franklin Electronic Publishers, which enjoyed a 20% run up in its stock price in June, lost all of that gain in July as its share price fell 22.2%. An upbeat forecast by Advanced Marketing Services appears to have been overshadowed by news of a federal subpoena, and AMS's stock price dropped 12.3% in July.
Source: Reed Business Information
Winners
Educational Development Corp. 10.28 13.06 27.0%
Amazon.com 36.32 41.64 14.6
Banta Corp. 32.37 33.84 4.5
Barnes & Noble 23.05 23.93 3.8
Thomas Nelson 12.50 12.97 3.8
Losers
Franklin Electronic Pub. 4.00 3.11 -22.2%
Advanced Marketing Services 13.00 11.40 -12.3
Reed plc. 33.69 31.35 -6.9
Leapfrog 31.81 30.30 -4.7
Reader's Digest 13.48 12.98 -3.7
Publishers Weekly
Stock Index 443.99 447.96 0.9%
Dow Jones Average 8,985.44 9,233.80 2.7%