With the stock prices of five companies falling in April and another five rising, the Publishers Weekly Stock Index rose 3.3% in the month. Two publishers whose stock prices struggled in the first quarter of 2017 saw their fortunes improve in April. Educational Development Corp.’s stock price jumped 22.2% in the month as the company continued to post revenue gains, even as it worked to overcome a failed software installation that led to long shipping delays. Houghton Mifflin Harcourt’s stock price ended a long slide in April and was up 13.3% in the month. The publisher announced late in April that it expects to save $70 million–$80 million annually once its restructuring effort is completed. Barnes & Noble’s stock price had the worst April performance, falling 7.6%. In the first four months of 2017, the retailer’s stock price dropped 23.3%.
|Company||Mar. 31||Apr. 28||Change|
|Educational Dev. Corp.||6.75||8.25||22.2%|
|Houghton Mifflin Harcourt||10.15||11.50||13.3%|
|Barnes & Noble||9.25||8.55||-7.6%|
|Publishers Weekly Stock Index||1,125.36||1,162.85||3.3%|
|Dow Jones Aver.||20,663.22||20,940.51||1.3%|
Source: Publishers Weekly