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%|
|Houghton Mifflin Harcourt||9.30||8.40||-9.6%|
|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%|