May was a quiet month for both the stock market and the Publishers Weekly Stock Index. The Dow rose 1% in the month, while the PWSI slipped 0.5%. Six of the 11 companies listed on the PWSI saw increases in their share prices in the month, and four saw declines. Houghton Mifflin Harcourt’s share price held even at $6.80. The biggest price movement in May was at LSC Communications, whose stock price dropped 25.6%. The printer’s first-quarter financial results released in the month were a huge disappointment. LSC had a loss of 32¢ per share in the quarter and even when the loss was adjusted for one-time costs, the loss came to 11¢ per share. Analysts had been looking for earnings of 17¢ per share. Educational Development Corp. reported an 82% increase in earnings in the fiscal year ended Feb. 28, 2018, over fiscal 2017, but analysts were concerned that the fourth quarter appeared a little soft, resulting in the stock price falling 7% for the month.
|Company||April 30||May 31||Change|
|Barnes & Noble||5.55||5.85||5.4%|
|Houghton Mifflin Harcourt||6.80||6.80||0|
|Educational Dev. Corp.||24.30||22.60||-7.0%|
|Publishers Weekly Stock Index||290.91||289.31||-0.5%|
|Dow Jones Avg.||24,163.15||24,415.84||1.0%|