Industry Stocks: January Performances
by Staff -- Publishers Weekly, 2/11/2002
| Company | December 31 | January 31 | % Change |
| Winners | |||
| Amazon.com | 10.82 | 14.19 | 31.1% |
| Hastings Entertainment | 4.30 | 5.50 | 27.9 |
| Educational Dev. Corp. | 5.50 | 6.99 | 27.1 |
| Borders Group | 19.84 | 24.10 | 21.5 |
| Barnes & Noble | 29.60 | 34.81 | 17.6 |
| Losers | |||
| Reader's Digest | 23.08 | 21.04 | -7.3% |
| Pearson | 12.28 | 11.65 | -5.1 |
| Reed International | 33.30 | 32.46 | -2.5 |
| R.R. Donnelley | 29.69 | 29.05 | -2.2 |
| Scholastic | 50.33 | 49.59 | -1.5 |
| Publishers Weekly | |||
| Stock Index | 405.63 | 429.36 | 5.9% |
| Dow Jones Average | 10,021.50 | 9,920.00 | -1.0% |
| January was a good month for the Publishers Weekly Stock Index, with the stock prices of 15 of the index's 21 companies posting an increase, leading to a 5.9% increase in the PWSI for the month. The Dow Jones Industrial Average fell 1.0% in January. Better than expected holiday sales for both online and physical retailers pushed the stock price up for all retailers included on the PWSI. Amazon.com had the largest gain as the company reported strong holiday sales and recorded its first quarterly profit in the fourth quarter. Good gains over the holidays also boosted the stock prices of the nation's two largest chains, Barnes & Noble and Borders Group. The one publisher among the top five performers was Educational Development Corp., whose stock price continues to benefit from strong results in the home business division. Several companies whose stocks are trading below the $4 minimum to be considered among the winners and losers for the month had good gains led by MediaBay, whose stock price jumped 209% to $1.92, and Barnes&Noble.com, whose price rose 58%, to $2.44. On the down side, Reader's Digest had the biggest decline due to a disappointing second quarter. Source: Cahners Publishing | |||
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