Industry Stocks: May Performances
by Staff -- Publishers Weekly, 6/5/2006
Industry Stocks: May Performances
Company
Apr. 28
May 31
% Change
Winners
Hastings Entertainment
6.13
7.56
23.3%
Books-A-Million
13.45
14.90
10.8
Reader's Digest
13.78
14.23
3.3
CBS
25.46
25.90
1.7
Losers
Barnes & Noble
45.08
38.18
-15.3
Audible
10.80
9.35
-13.4
Borders Group
23.60
20.76
-12.0
Courier Corp.
43.14
38.18
-11.5
Educational Dev. Corp.
7.66
7.00
-8.6
Publishers Weekly
Stock Index
538.10
513.46
-4.5%
Dow Jones Aver.
11,367.14
11,168.31
-1.7
May was a down month for both the Publishers Weekly Stock Index and the Dow Jones Industrial Average. The PWSI fell 4.5% as the stock prices of 16 companies fell, while prices rose at only five. Hastings Entertainment posted the biggest gain as strong earnings in the first quarter drove up its stock price 23.3%. Books-A-Million's share price also benefitted from healthy first quarter earnings, and its stock price rose 10.8%. Barnes & Noble's earnings met expectations, but sales were lower than expected in the first quarter, contributing to a 15.3% decline in its stock price in May. A soft earnings report hurt Borders's stock. MediaBay's horrible first quarter dropped its stock price to 36 cents at the end of the month, and the company faces possible delisting from NASDAQ.
Source: Reed Business Information
