Industry Stocks: March Performances
Company | Feb. 26 | Mar. 31 | % Change |
March was the best month the Publishers Weekly Stock Index has had in some time, posting an 8.5% increase, with all but one of the 15 companies on the Index enjoying an increase in their stock price. March was a good month for the stock market in general, with the Dow Jones Industrial Average up 5.1%. It was the retailers and e-tailers that had the strongest March. Borders Group stock was up 21.1% and that was before the announcement that it had paid back its loan to William Ackman and found new financing, two events that pushed the share price up to $2.54 on April 1. Amazon's stock price remains the most expensive of all PWSI companies, and while its $135.77 per share price was just slightly lower than its highest point in 2010, it is still about $10 under its 52-week high. Pearson, which posted a solid 2009, is another company that has had a good first quarter on the stock market, with its price of $15.69 on March 31 the high for 2010. Scholastic was the only company to have a decline in March, and even though it cut its third quarter loss and raised its guidance when it released results April 1, the price fell another $1.22. Source: Reed Business Information | |||
Winners | |||
Borders Group | 1.42 | 1.72 | 21.1% |
Books-A-Million | 6.29 | 7.24 | 15.1 |
Amazon | 118.40 | 135.77 | 14.6 |
Walt Disney Co. | 31.24 | 34.91 | 11.7 |
Pearson | 14.05 | 15.69 | 11.7 |
Barnes & Noble | 20.07 | 21.62 | 7.7 |
R. R. Donnelley | 19.89 | 21.35 | 7.3 |
CBS | 12.99 | 13.94 | 7.3 |
Courier Corp. | 15.39 | 16.51 | 7.3 |
Losers | |||
Scholastic | 29.40 | 28.00 | -4.8 |
Publishers Weekly | |||
Stock Index | 385.68 | 418.46 | 8.5 |
Dow Jones Aver. | 10,325.26 | 10,856.63 | 5.1 |