November 22, 1997

The Ticker A Look Back At The Past Week On Wall Street


What’s hot

While gold was losing some of its luster this week, a few stocks tried to show their mettle was precious. Boosted by a favorable brokerage report, Rambus, a Mountain View, Calif., high-speed memory technology business soared $17.95 a share to $60.95 Thursday on the Nasdaq. Shares closed Friday at $61.25. International Home Foods rose to $22.50 Wednesday on the New York Stock Exchange from an initial public offering of $20 for the 13.6 million shares sold by the maker of Chef Boyardee and Bumble Bee brands. The issue closed Friday at $23.12. Jackson Hewitt shares jumped $15.44 to $66.95, where they closed Friday, on Nasdaq on word of an acquisition by HFS. Century Financial was up $4.50 a share Tuesday to $23.75 (Nasdaq) as Citizens Bancshares agreed to acquire its stock for $138 million. Century shares closed Friday at $24.06.

What’s not

Avon shares dipped $5 Tuesday to $57.50 (NYSE) on reports of disappointing earnings and sales in the U.S., Brazil, China and Japan. On Friday, Avon closed at $57.32. Adobe Systems shares slipped $6.63 to $42.12 (Nasdaq) Tuesday as forecasts said fourth-quarter results would disappoint analysts. Adobe closed the week at $42.95.

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