Industry Stocks: November Performances
Company | Oct. 30 | Nov. 30 | % Change |
The Publishers Weekly Stock Index posted more solid gains in November, with the PWSI up 7.3% for the month following a 5.3% increase in October. With 12 winners and only three losers, the PWSI beat the 6.5% increase posted by the Dow Jones Industrial Average. Barnes & Noble's stock price had a volatile month, but finished November up 40.5%. During the month, B&N approved a poison pill provision when it was disclosed that Ron Burkle's investment group was increasing its stake in the company. At the end of the month, B&N issued a lower earnings forecast, but after a dip, the stock price rebounded. Borders's third quarter results were disappointing and the stock price continued to sink in November. Books-A-Million, the third largest bookstore chain, had a mixed third quarter, but its stock price declined for the second consecutive month. With online retailing continuing to grow, and its Kindle an early Christmas favorite, Amazon's stock price continued to soar in November, up 14.4%, hitting $135.91 per share. Source: Reed Business Information | |||
Winners | |||
Barnes & Noble | 16.61 | 23.34 | 40.5% |
Amazon | 118.81 | 135.91 | 14.4 |
Educational Dev. Corp. | 4.98 | 5.45 | 9.4 |
CBS | 11.77 | 12.81 | 8.8 |
John Wiley | 35.22 | 37.45 | 6.3 |
Marvel Ent. | 49.97 | 52.05 | 4.2 |
McGraw-Hill Cos. | 28.78 | 29.96 | 4.1 |
Losers | |||
Borders Group | 1.94 | 1.40 | -27.8 |
Books-A-Million | 8.66 | 7.07 | -18.4 |
Courier Corp. | 14.83 | 13.04 | -12.1 |
Publishers Weekly | |||
Stock Index | 387.04 | 415.12 | 7.3 |
Dow Jones Aver. | 9,712.73 | 10,344.84 | 6.5 |