Company April 29 May 31 % CHANGE
¹ Before 2-for-1 stock split at McGraw-Hill and 3-for-2 split at Courier Corp.
With winners outnumbering losers by a 15 to seven count, the Publishers Weekly Stock Index posted a 4.3% increase in May, beating the 2.7% gain posted by the Dow Jones Industrial Average. The big winner in the month was Audible, which had a 30.1% increase in its stock price fueled by a better than expected first quarter performance. Books-A-Million also beat Wall Street forecasts, leading to a 12.2% increase. On the downside, Hastings Entertainment had a disappointing first quarter, contributing to a 10.8% decline in its stock price, the biggest decline in May. Advanced Marketing Services' stock continued its steady slide, falling 8.1%. In May, two companies initiated stock splits: McGraw-Hill had a 2-for-1 split, while Courier Corp. had a 3-for-2 split.
SOURCE: REED BUSINESS INFORMATION
Winners
Audible 12.75 16.59 30.1%
Books—A—Million 7.52 8.44 12.2
LeapFrog 10.01 11.08 10.7
Amazon.com 32.46 35.51 9.4
Marvel 19.60 21.27 8.5
Losers
Hastings Entertainment 6.69 5.97 -10.8%
Advanced Marketing Svcs. 4.52 4.15 -8.1
Thomas Nelson 23.98 23.25 -3.0
Educational Development Corp. 10.30 10.10 -1.9
Reed Plc 39.17 38.57 -1.5
Publishers Weekly
Stock Index 541.50 564.711 4.3%
Dow Jones Average 10,192.51 10,467.48 2.7%