Company Oct.31 Nov. 28 % Change
With the stock market continuing to gyrate wildly, the Publishers Weekly Stock Index declined 13.7% in November, more than doubling the decline of the Dow Jones Industrial Average. Only two of the 16 stocks on the PWSI managed to post an increase in the month. Borders was the biggest loser in November—its third-quarter results and its decision to remove itself for sale disappointed analysts. Since the end of the month, Borders stock has fallen below $1 per share, something that, if it goes on for too long, could jeopardize its place on the New York Stock Exchange. Another PWSI stock, that of Franklin Electronic Publishers, is also trading below the $1 mark. Despite falling 54% since the beginning of the year, Amazon still has the highest-priced stock on the PWSI. Marvel, whose stock price closed at $29.45 at the end of November, is the only company on the PWSI whose price has risen since the start of 2008.
Source: Reed Business Information
Winners
Courier Corp. 17.41 18.23 4.7%
John Wiley 34.78 35.96 3.4
Losers
Borders Group 3.39 1.07 -68.4
Hastings Ent. 4.53 1.82 -59.8
CBS 9.71 6.66 -31.4
Books-A-Million 3.15 2.19 -30.5
Amazon.com 57.24 42.70 -25.4
R.R. Donnelley 16.57 12.76 -23.0
Scholastic 18.57 15.27 -17.8
Barnes & Noble 18.88 15.78 -16.4
Publishers Weekly
Stock Index 294.581 254.32 -13.7
Dow Jones Aver. 9,325.01 8,829.04 -5.3