Company March 31 April 28 % Change
Losers outnumbered winners 14 to seven on the Publishers Weekly Stock Index in April, resulting in a 1.3% decline for the PWSI in the month. Pearson's stock price held even at $13.85. Books-A-Million, which reported a solid start to the year, had the biggest increase in April, with its stock price up 16.8%. Advanced Marketing Services, which had the biggest increase in March, reported the largest price decline in April; its stock price was off 15%. A disappointing third quarter contributed to a 6.6% decline in April at Reader's Digest. While the PWSI fell in April, the Dow Jones Industrial Average rose 2.3%.
Source: Reed Business Information
Winners
Books-A-Million 11.51 13.54 16.8%
CBS 24.10 25.46 5.6
R.R. Donnelley 32.72 33.69 3.0
Audible 10.51 10.80 2.7
Hastings Entertainment 6.05 6.13 1.3
Losers
Advanced Mktg Svcs. 4.65 3.95 -15.0
Reader's Digest 14.75 13.78 -6.6
Borders Group 25.24 23.60 -6.5
Educational Dev. Corp. 8.05 7.66 -4.8
McGraw-Hill Cos. 57.62 55.66 -3.4
Publishers Weekly
Stock Index 545.18 538.10 -1.3%
Dow Jones Average 11,109.32 11,367.14 2.3