The Publishers Weekly Stock Index slipped 2.5% in September, a slightly worse performance than the Dow Jones Industrial Average, which dipped 1.5% in the month. For the second consecutive month, Educational Development Corp. was the only one of the 13 companies on the PWSI to post an increase in its stock price. EDC’s shares rose 23.5% as the company continues to report solid revenue gains. The stock price of Books-A-Million held even at $3.18 in September, as there was no news on when shareholders will be asked to vote on the Anderson family proposal to take the retailer private for $3.25 per share. Barnes & Noble’s stock price took the biggest hit in the month, falling 22.4%. The company’s shares plunged 27% early in September after it announced a larger-than-expected loss in its first quarter, before staging a mild rebound later in the month.
|Company||Aug. 31||Sept. 30||% Change|
|Educational Dev. Corp||6.05||7.47||23.5%|
|Barnes & Noble||15.61||12.11||-22.4|
|Publishers Weekly Stock Index||767.58||748.11||-2.5|
|Dow Jones Aver.||16,528.03||16,284.70||-1.5|