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