After rising 8.4% in July, the Publishers Weekly Stock Index fell 2.8% in August as prices fell at 11 companies while increasing at just four. Still, the decline was less than the 4.3% drop posted by the Dow Jones Industrial Average. The biggest increase in August was at Barnes & Noble, as investors bet that there is some party willing to pay a premium to acquire the bookseller, which put itself up for sale last month. Amazon's stock price had a solid gain in the quarter as the e-tailer continued to perform better than its physical competitors. A disappointing quarter made one of those competitors, Books-A-Million, the biggest loser in August; Borders's share price also had a steep decline in August, but dropped only slightly on September 1 after reporting another loss in the second quarter.
|Company||July 30||Aug. 31||% Change|
|Barnes & Noble||12.97||15.14||16.7%|
|Educational Dev. Corp.||5.41||5.70||5.4|
|Dow Jones Aver.||10,465.94||10,014.72||-4.3|