The Publishers Weekly Stock Index rose 5.8% in April with the gains due almost entirely to Amazon. The stock price of the online giant rose by almost $50 in the month, an increase of 13.3%. Investors were impressed by the first-quarter financial performance of the company’s cloud computing division, AWS. Excluding Amazon, the share prices of the remaining 12 companies on the PWSI fell 2.6%. Barnes & Noble had the largest decline, with in its share price falling 7.8%, as investors continue to waver over the future of the retailer. John Wiley’s share price fell 7% in the month. In mid-April, the company announced that its CEO, Steve Smith, will retire June 1 due to illness and be replaced by Mark Allin.
|Educational Dev. Corp.||4.13||4.34||5.1%|
|Barnes & Noble||23.75||21.90||-7.8%|
|Dow Jones Aver.||17,776.12||17,840.52||0.3%|