Although winners outnumbered losers by a nine-to-five count, the Publishers Weekly Stock Index rose 2.2% in November thanks mainly to an impressive rally by Amazon. Shares of the giant e-tailer increased nearly $20 in the month, with its stock price steadily increasing through the month amid signs of strong early online holiday sales. Simon & Schuster parent company CBS had the biggest percentage gain in the month, up 11.0%. A warning by Scholastic that earnings for fiscal 2013 would be below original projections led to a 15.0% decline in its stock price, the largest decline in November. Investors seemed to find more negatives than positives in Barnes & Noble’s quarterly report, contributing to a 14.8% decline in its stock price in the month.
|Company||Oct. 31||Nov. 30||% Change|
|Barnes & Noble||16.84||14.35||-14.8|
|Publishers Weekly Stock Index||552.98||565.44||2.2|
|Dow Jones Aver.||13,096.46||13,025.58||-0.5|