Industry Stocks: February Performances
Company | Jan. 29 | Feb. 26 | % Change |
Although winners outnumbered losers by a count of nine to six on the Publishers Weekly Stock Index in February, the overall index still fell slightly, dropping 1.0% in the month. The biggest factor for the decline was the $7.01 drop in the stock price of Amazon, which lowered the price of the high-flying e-tailer's share price to $118.40 at the end of February. Ironically, the biggest winner in the month was Borders Group, whose stock price shot past the $1.00 level to $1.42 largely due to a vote of confidence from its largest shareholder, William Ackerman, who said early in February he didn't think bankruptcy was likely for the bookstore chain. Speculation about a possible takeover attempt by Ron Burkle of Barnes & Noble kept that company's stock price bubbling early in February, but disappointing earnings at the end of the month limited the increase of B&N's February gains. Source: Reed Business Information | |||
Winners | |||
Borders Group | .86 | 1.42 | 65.1% |
Barnes & Noble | 17.48 | 20.07 | 14.8 |
Courier Corp. | 13.98 | 15.39 | 10.1 |
Disney Corp. | 29.55 | 31.24 | 5.7 |
Hastings Ent. | 4.24 | 4.37 | 3.1 |
Losers | |||
Amazon | 125.41 | 118.40 | -5.6 |
Reed Elsevier | 31.85 | 30.12 | -5.4 |
McGraw-Hill Cos. | 35.45 | 34.20 | -3.5 |
Scholastic | 29.90 | 29.40 | -1.7 |
Books-A-Million | 6.37 | 6.29 | -1.2 |
Publishers Weekly | |||
Stock Index | 389.76 | 385.68 | -1.0 |
Dow Jones Aver. | 10,067.33 | 10,325.26 | 2.6 |