The Publishers Weekly Stock Index dipped 1.5% in January, substantially underperforming compared to the Dow Jones Industrial Average, which rose 5.8%. This year’s PWSI has been reconfigured, adding IDW Media and Barnes Noble Education and dropping Amazon from the list, since the giant e-tailer has moved well beyond its bookselling roots. We will still keep an eye on how Amazon stock is doing, however—in January it rose 24%, closing at $1,450.89 per share. The best performer on the PWSI was Educational Development Corp. whose per share price rose 19.2%. In early January, EDC reported that sales for the quarter ended Nov. 30, 2017, were up 26.7% over last year’s third period, while earnings jumped 67%. Investors hammered Barnes Noble’s stock price after the retailer reported disappointing holiday sales in early January.

Company Dec. 29 2017 Jan. 31 2018 Change Educational Dev. Corp. 18.24 21.75 19.2% News Corp 16.60 17.45 5.1% IDW Media 46.00 48.00 4.3% Pearson 9.82 9.77 -0.5% CBS 59.00 57.61 -2.3% John Wiley 65.75 63.40 -3.6% Scholastic 40.11 38.42 -4.2% Houghton Mifflin Harcourt 9.30 8.40 -9.6% LSC 15.15 13.68 -9.7% BN Education 8.24 6.65 -19.3% Barnes Noble 6.70 4.70 -30.0% Publishers Weekly Stock Index 294.37 289.83 -1.5% Dow Jones Aver. 24,719.22 26,149.39 5.8%

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