The Publishers Weekly Stock index fell 1.1% in June, a slightly better performance than the Dow Jones Industrial Average, which dropped 2.2% in the month. The PWSI lost one member when R.R. Donnelley’s purchase of Courier Corp. was completed. The acquisition didn’t help Donnelley’s stock price, which fell 9.1% in the month. Only the share price of CBS, parent company of Simon & Schuster, had a worse month with the price of its shares falling 10%. Books-A-Million’s stock price fell 7.7% after rising 8.4% in May. At $2.86 per share, BAM’s stock price was still above the $2.75 per share the Anderson family has offered to pay for the shares in BAM it does not already own. Barnes & Noble’s stock price had the best performance in the month, rising 10.4%. The company’s stock price has been on a bit of a rollercoaster since it reported fourth-quarter and year-end results on the morning of June 25. Amid very heavy trading, B&N’s share price fell 1.4% between the release of the results and the end of June.
| Winners | |||
|---|---|---|---|
| Company | May 29 | June 30 | % Change |
| Barnes & Noble | 23.52 | 25.96 | 10.4% |
| Chegg | 7.61 | 7.84 | 3.0 |
| Educational Dev. Corp. | 4.82 | 4.90 | 1.6 |
| Amazon | 429.23 | 434.09 | 1.1 |
| Losers | |||
| CBS | 61.72 | 55.50 | -10.0% |
| R.R. Donnelley | 19.18 | 17.43 | -9.1 |
| Books-A-Million | 3.10 | 2.86 | -7.7 |
| John Wiley | 58.02 | 54.37 | -6.3 |
| Pearson | 20.13 | 18.96 | -5.8 |
| New Corp | 14.95 | 14.24 | -4.7 |
| Publishers Weekly Stock Index | 713.11 | 705.48 | -1.1% |
| Dow Jones Aver. | 18,010.68 | 17,617.77 | -2.2 |
Source: Publishers Weekly
