With the stock prices up at nine companies in the month, the Publishers Weekly Stock Index rose 6.5% in November. The biggest winner in the month was Books-A-Million whose stock price rose steadily throughout November and finished up 30.3% for the month. The company ended November by reporting a solid third quarter financial performance. Amazon had the biggest dollar increase in the month, with its share price rising by more than $30. The November gain stemmed a steady decline in the e-tailer’s share price for much of 2014 and Amazon’s stock price is still down for the year. Barnes & Noble posted another increase in its share price in the month; in the first week in December, B&N announced that it was cutting ties with Microsoft (see p. 8). Houghton Mifflin Harcourt’s share price had the largest decline in November, falling 3.9%.
|Company||Oct. 31||Nov. 28||% Change|
|Barnes & Noble||21.82||23.36||7.1|
|Houghton Mifflin Harcourt||20.01||19.22||-3.9|
|Educational Dev. Corp.||4.37||4.22||-3.4|
|Publishers Weekly Stock Index||572.02||609.14||6.5|
Source: publishers weekly