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Industry Stocks: June Performances

by Staff -- Publishers Weekly, 7/9/2007

CompanyMay 31June 29% Change
Winners
Scholastic31.7735.9413.1%
John Wiley45.8548.295.3
Books-A-Million16.4416.493.0
Losers
Borders Group22.1519.06-14.0
Barnes & Noble42.7738.47-10.0
Marvel Entertainment27.6125.48-7.7
Pearson17.7816.84-5.3
Reed Elsevier54.0251.70-4.3
Publishers Weekly
Stock Index541.90534.56-1.3
Dow Jones Ave.13,627.6413,408.62- 1.6
Following two months of strong gains, the Publishers Weekly Stock Index fell slightly in June, dropping 1.3% as the stock prices of 10 companies declined and rose at seven. The overall decline was in line with the Dow Jones, which was off 1.6% for the month. Scholastic had the best showing in June, helped by a June 1 announcement of a stock repurchase program. News that the government might oppose the merger of Whole Foods Market and Wild Oats Market, two chains that specialize in selling natural foods, contributed to declines at Borders and Barnes & Noble as investors reasoned the opposition to the merger of the two supermarket chains would mean that a deal between B&N and Borders would face intense government scrutiny.


Source: Reed Business Information


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