Industry Stocks: May Performances
by Staff -- Publishers Weekly, 6/6/2005
Company
April 29
May 31
% CHANGE
Winners
Audible
12.75
16.59
30.1%
Books–A–Million
7.52
8.44
12.2
LeapFrog
10.01
11.08
10.7
Amazon.com
32.46
35.51
9.4
Marvel
19.60
21.27
8.5
Losers
Hastings Entertainment
6.69
5.97
-10.8%
Advanced Marketing Svcs.
4.52
4.15
-8.1
Thomas Nelson
23.98
23.25
-3.0
Educational Development Corp.
10.30
10.10
-1.9
Reed Plc
39.17
38.57
-1.5
Publishers Weekly
Stock Index
541.50
564.711
4.3%
Dow Jones Average
10,192.51
10,467.48
2.7%
¹ Before 2-for-1 stock split at McGraw-Hill and 3-for-2 split at Courier Corp.
With winners outnumbering losers by a 15 to seven count, the Publishers Weekly Stock Index posted a 4.3% increase in May, beating the 2.7% gain posted by the Dow Jones Industrial Average. The big winner in the month was Audible, which had a 30.1% increase in its stock price fueled by a better than expected first quarter performance. Books-A-Million also beat Wall Street forecasts, leading to a 12.2% increase. On the downside, Hastings Entertainment had a disappointing first quarter, contributing to a 10.8% decline in its stock price, the biggest decline in May. Advanced Marketing Services' stock continued its steady slide, falling 8.1%. In May, two companies initiated stock splits: McGraw-Hill had a 2-for-1 split, while Courier Corp. had a 3-for-2 split.
SOURCE: REED BUSINESS INFORMATION
