The Publishers Weekly Stock Index had a good February, rising 2.3% compared to 4.8% for the Dow Jones Industrial Average. Some of the biggest losers in January were among the biggest winners in February. In fact, Educational Development Corp. went from the biggest loser in January to the top-performing stock on the PWSI last month. The company is still facing operational challenges contending with its explosive growth, but in February investors focused more on the opportunities than the struggles the company has endured. Pearson is another company that went from seeing its stock drop in January to rising in February. Last month, the U.K.-based publisher released generally weak results for 2016, but the financial performance was in line with expectations.
|Company||Dec. 30||Jan. 31||% Change|
|Educational Dev. Corp.||7.45||9.95||33.5%|
|Houghton Mifflin Harcourt||11.30||11.05||-2.3%|
|Barnes & Noble||10.20||9.80||-3.9%|
|Publishers Weekly Stock Index||1,064.41||1,089.00||2.3%|
|Dow Jones Aver.||19,864.09||20,812.24||4.8%|