With a large decline on the last day of the month, the Dow Jones Industrial Average fell 1.6% in July, and the overall market weakness contributed to a 3.6% decline for the Publishers Weekly Stock Index. Of the four PWSI winners in July, Educational Development Corp. had the strongest stock performance, with its share price up 20.2%, due in part due to a solid first quarter. A good fourth quarter helped lift Scholastic’s share price by 3.9% in the month. While Courier Corp.’s share price had the largest decline among the companies on the PWSI, most of the attention was on Amazon’s stock price, following the release of its quarterly results, which included a forecast of a large third-quarter loss. Amazon’s stock price fell by over $11 in July, down 3.6% from June and down 21.5% for the year to date.
|Company||Jun. 30||Jul. 31||% Change|
|Educational Dev. Corp.||3.95||4.77||20.7%|
|Barnes & Noble||22.79||20.82||-8.6|
|Publishers Weekly Stock Index||605.86||584.29||-3.6|
|Dow Jones Aver.||16,826.60||16,563.30||-1.6|