With a large decline on the last day of the month, the Dow Jones Industrial Average fell 1.6% in July, and the overall market weakness contributed to a 3.6% decline for the Publishers Weekly Stock Index. Of the four PWSI winners in July, Educational Development Corp. had the strongest stock performance, with its share price up 20.2%, due in part due to a solid first quarter. A good fourth quarter helped lift Scholastic’s share price by 3.9% in the month. While Courier Corp.’s share price had the largest decline among the companies on the PWSI, most of the attention was on Amazon’s stock price, following the release of its quarterly results, which included a forecast of a large third-quarter loss. Amazon’s stock price fell by over $11 in July, down 3.6% from June and down 21.5% for the year to date.

Winners
Company Jun. 30 Jul. 31 % Change
Educational Dev. Corp. 3.95 4.77 20.7%
Scholastic 34.09 35.42 3.9
R.R. Donnelley 16.96 17.36 2.3
News Corp. 17.45 17.64 1.1
Losers
Courier Corp. 14.92 13.05 -12.5
CBS 62.14 56.83 -8.8
Barnes & Noble 22.79 20.82 -8.6
Houghton Mifflin 19.16 17.51 -8.6
Chegg 7.04 6.45 -8.3
Amazon 324.78 312.99 -3.6
Publishers Weekly Stock Index 605.86 584.29 -3.6
Dow Jones Aver. 16,826.60 16,563.30 -1.6