Industry Stocks: June Performances
by Staff -- Publishers Weekly, 7/8/2002
| Company | May 31 | June 28 | % Change |
| Winners | |||
| Educational Development Corp. | 6.65 | 7.05 | 6.0% |
| Banta Corp. | 34.30 | 35.90 | 4.7 |
| Advanced Marketing Services | 17.50 | 18.30 | 4.6 |
| MediaBay | 4.75 | 4.80 | 1.0 |
| Losers | |||
| Scholastic | 47.59 | 37.90 | -20.3% |
| Thomas Nelson | 13.05 | 10.56 | -19.1 |
| Pearson | 12.58 | 10.39 | -17.4 |
| Reader's Digest | 22.31 | 18.73 | -16.0 |
| Barnes & Noble | 30.77 | 26.43 | -14.1 |
| Publishers Weekly | |||
| Stock Index | 446.52 | 410.49 | -8.1% |
| Dow Jones Average | 9,925.25 | 9,243.26 | -6.9% |
| The Publishers Weekly Stock Index was hammered in June, falling 8.1% compared to a 6.9% decline for the Dow Jones Industrial Average. The stock price fell at 17 companies in the month while rising at only four. The biggest loser was Scholastic, whose stock tumbled 20.3% in June as some investors appear nervous that the company's aggressive growth strategy could bring on too much debt. Soft results continue to hurt Thomas Nelson; its stock price dropped 19.1% in June. Included in the negative news for June was the 26% decline in Barnesandnoble.com's stock price, which finished the month below the $1 per share mark at 94 cents. Educational Development Corp. had the biggest gain in the month, helped in part by a record first quarter (see p.18). Source: Reed Business Information | |||
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