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

Sat., Jan. 3, 1998

There were big winners and big losers in a trading week that encompassed the last few days of 1997 and the first of 1998.

WHAT’S HOT

Dayton Hudson shot up $6.37-1/2 Tuesday to $68.37-3/8 as investors applauded news that the Minneapolis-based department store company apparently fared better than other retailers during a mostly bleak holiday sales period. Brock International moved up $1 to $4.50 after the Atlanta-based supplier of customer information systems announced it expects to post better-than-expected results for the fourth quarter.

WHAT’S NOT:

Paragon Trade Brands, lost about one-third of its value Wednesday, tumbling $7.37-1/2 to $12.87-1/2. The plunge followed a federal court ruling in favor of Procter & Gamble, which won a patent infringement suit against Paragon. P&G makes Pampers and Luvs diapers; Paragon makes private-label diapers. AT&T took a beating Friday as investors fretted over the possibility that the long-distance giant could face new competition. AT&T shares fell 4.2 percent, or $2.50, to close at $58.81-1/4. A court decision overturning a key provision of the 1996 telecommunications law sparked the drop. CMS Energy class G dropped $3.12-1/2 to $24 after Merrill Lynch lowered its short-term and long-term ratings on the stock.

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