Both the Publishers Weekly Stock Index and the Dow Jones Industrial Average rebounded in February after being down in January. With 11 of the 14 stocks on the PWSI posting a gain in February, the index rose 4.3% in the month, just slightly above the 4% gain of the Dow. Barnes & Noble’s share price had the biggest gain in the month, jumping 42.1%. Investors were encouraged by B&N’s profit in the third quarter of fiscal 2014, despite continued problems with its Nook division. And although B&N executives dismissed a proposal to acquire a 51% stake in the company as not a serious offer, the proposal seemed to give investors the idea that another company may make a run at B&N. The biggest losers in February were Pearson and Chegg, companies that also had the biggest losses in January. Pearson had the biggest decline in its share price as disappointing fourth-quarter results and company warnings that profits will fall in 2014 put downward pressure on the stock price.
|Company||Jan. 31||Feb. 28||% Change|
|Barnes & Noble||13.48||19.16||42.1%|
|Houghton Mifflin Harcourt||19.24||20.32||5.6|
|Publishers Weekly Stock Index||619.92||646.84||4.3|
|Dow Jones Aver.||15,699.85||16,321.71||4.0|