Industry Stocks: July Performances
by Staff -- Publishers Weekly, 8/8/2005
Industry Stocks: July Performances
Company
June 30
July 29
% Change
Winners
Amazon.com
33.09
45.15
36.4%
Leap Frog
11.30
12.47
10.4
Advanced Marketing Svcs.
5.00
5.45
9.0
John Wiley & Sons
39.73
42.85
7.8
Hastings Entertainment
5.93
6.36
7.2
Losers
Reed Elsevier plc
38.72
36.90
-4.7%
Scholastic
38.55
36.97
-4.1
Borders Group
25.31
24.69
-2.4
Marvel
19.72
19.39
-1.7
Publishers Weekly
Stock Index
510.87
534.87
4.7%
Dow Jones Average
10,274.97
10,640.91
3.6%
With winners outnumbering losers by a two-to-one ratio, the Publishers Weekly Stock Index rose 4.7% in July, beating the 3.6% gain posted by the Dow Jones Industrial Average. Amazon.com, which had a strong second quarter and a bullish outlook for the third quarter, led the gains in July with its stock price jumping 36.4%. John Wiley's stock benefited from the announcement of a stock buyback program. Gains in the first half of 2005 at Reed Elsevier (parent company of PW) did not impress investors and contributed to a 4.7% decline in its stock price last month. Also in July, B&N chairman Len Riggio spent about $15.3 million to buy 380,600 shares of the chain's stock, putting his holdings at 12.6 million shares.
Source: Reed Business Information
