Industry Stocks: February Performances
by Staff -- Publishers Weekly, 3/17/2003
| Company | January 31 | February 28 | % Change |
| Winners | |||
| Educational Development Corp. | 9.16 | 9.75 | 6.4% |
| Barnes & Noble | 17.40 | 17.63 | 1.3 |
| Courier Corp. | 45.07 | 45.61 | 1.2 |
| Losers | |||
| Scholastic | 35.62 | 23.46 | -34.1% |
| Reader's Digest | 12.88 | 10.81 | -16.1 |
| R.R. Donnelley | 21.55 | 18.26 | -15.3 |
| Pearson | 9.02 | 7.72 | -14.4 |
| Thomas Nelson | 10.10 | 9.27 | -8.2 |
| Leapfrog | 24.32 | 22.61 | -7.0 |
| Publishers Weekly | |||
| Stock Index | 390.09 | 361.01 | -7.4% |
| Dow Jones Average | 8,053.81 | 7,891.08 | -2.0% |
| The Publishers Weekly Stock Index plummeted 7.4% in February as losers out-numbered gainers by a count of 16 to six. The decline in the PWSI was much more severe than the drop in the Dow Jones Industrial Average, which fell 2%. The biggest loser in the month was Scholastic whose stock price has been in a free fall since it announced on February 10 that results for fiscal 2003 would not meet expectations. Its closing price on February 28 of $23.46 per share was a 52-week low. Another company whose stock price was at a 52-week low at the end of the month was Pearson, whose stock closed at $7.72. Investors also continue to be negative on the prospects for Reader's Digest and drove its stock price down 16.1% in February to $10.81 per share, a price just above its 52-week low. The only meaningful increase in the month was at Educational Development Corp., whose stock price rose 6.4% in February and is up nearly 20% for the first two months of 2003. Source: Reed Business Information | |||
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