Industry Stocks: March Performances
by Staff -- Publishers Weekly, 4/9/2007
Industry Stocks: March Performances
Company
FEB. 28
MARCH 30
% Change
Winners
Pearson
15.52
17.12
10.3%
Audible
9.53
10.39
9.0
Courier Corp.
38.20
39.07
2.8
Educational Dev. Corp.
7.66
7.81
2.0
R.R. Donnelley
36.18
39.59
1.1
Losers
Books-A-Million
15.96
14.24
-10.8
Scholastic
34.79
31.10
-10.6
Hastings Entertainment
6.51
6.10
-6.3
Borders Group
21.39
20.42
-4.5
Barnes & Noble
40.86
39.45
-3.4
Publishers Weekly
Stock Index
476.05
471.44
-1.0
Dow Jones Average
12,268.63
12,354.35
0.7
For the second consecutive month, the stock prices of nine companies listed on the PW Stock Index fell in March, while prices rose at eight. Pearson, which, depending on what rumors you believe, is either about to make a major acquisition or is about to be acquired, had the largest price increase in March at 10.3%. Audible followed up a 33% increase in its stock price in February with a 9.0% gain in March. Disappointing fourth-quarter results put Borders and Barnes & Noble on the losers list in March; Books-A-Million, which had the largest drop of all PWSI companies in March, saw its price soar 23% April 2, the first business day after it posted strong earnings gains for 2006.
Source: Reed Business Information
