April was a relatively quiet month for the Publishers Weekly Stock Index, with the PWSI falling 1.8%, compared to a 1.3% decline for the Dow Jones Industrial Average. Stock prices fell for seven companies on the PWSI and rose for 14, although the gain at five companies in April was 1% or less. Hastings had the biggest gain in the month, with its stock price up 16.0%, due in part to a positive forecast for the new fiscal year. LeapFrog managed to end its stock slide and posted an 11.2% increase in April. Books-A-Million had the biggest loss in the month, with its stock price down 13.1%, nearly reversing the 14.1% increase it recorded in March. Failure to hit its second-quarter numbers contributed to a 9.2% decline in the stock price of Courier Corp.
|COMPANY||MARCH 31||APRIL 30||% CHANGE|
|Barnes & Noble||32.60||29.87||-8.4|
|Dow Jones Average||10,357.70||10,225.57||-1.3%|
Source: Reed Business Information