Following several months of gains, both the Publishers Weekly Stock Index and the Dow Jones Industrial Average fell back slightly in November (although the Dow recovered all of its November losses on the first day of trading in December, rising 249 points). The PWSI fell 2.1% in the month as stock prices of only four companies rose, while prices fell at 11. Amazon continued to be the strongest performer on the PWSI, rising another 6.1% in November as the e-tailer continued to ring up strong holiday sales as more Christmas shopping moves online. Since Jan. 1, Amazon's stock price has risen just over 30%. Among the losers in the month were Barnes & Noble and Borders Group, both of whose share prices slipped about 6% Nov. 30, the day after B&N released second quarter results that were slightly below analysts' expectations. Borders will release its results for the period ended Oct. 30 after the stock market closes on Dec. 9.
Source: publishers weekly
Winners
Company | OCt. 29 | Nov. 30 | % Change |
---|---|---|---|
Amazon | 165.23 | 175.40 | 6.1% |
Disney Corp. | 36.13 | 36.51 | 1.0 |
Hastings Ent. | 6.59 | 6.65 | 0.9 |
Books-A-Million | 6.35 | 6.37 | 0.3 |
Losers
Company | OCt. 29 | Nov. 30 | % Change |
---|---|---|---|
R.R. Donnelley | 18.45 | 15.76 | -14.8 |
Borders Group | 1.22 | 1.07 | -12.3 |
McGraw-Hill Cos. | 37.65 | 34.49 | -8.4 |
Reed Elsevier | 34.31 | 31.73 | -7.5 |
Barnes & Noble | 14.98 | 14.02 | -6.4 |
Pearson | 15.40 | 14.50 | -5.8 |
Publishers Weekly Stock Index | 446.80 | 437.27 | -2.1 |
Dow Jones Aver. | 11,118.49 | 11,006.02 | -1.0 |