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

Sat., March 14, 1998

What’s hot

On Wednesday, on the New York Stock Exchange, Waste Management shares jumped $4.125 to $29.31 and USA Waste shares were up $3.875 to $43 as Houston-based USA Waste agreed to acquire its larger competitor. Waste Management shares closed Friday at $30.75; USA Waste shares closed at $44.875. Grist Mill shares rose $2.03 to $14.28 Wednesday on Nasdaq following reports that the maker of cereal bars and fruit snacks was to be acquired by International Home Foods. PepsiCo shares rose $2.75 to $43 Thursday (NYSE) after Merrill Lynch and others upgraded the stock to “buy.”

What’s not

Investors dumped cold water on cigar stocks this week. Wednesday on the NYSE Swisher International shares dropped $1.625 to $13.125, Consolidated Cigar Holdings stock was down $2 to $19, and General Cigar Holdings shares dropped $2.06 to $15.25. The stocks sank with concerns about health issues and expected weak earnings. Friday closings had Swisher at $13.06, Consolidated at $17.625 and General at $15.50. THQ shares fell $7.94 to $24.50 Wednesday on Nasdaq when the software publisher said it would not renew its license agreement with World Championship Wrestling. The shares closed Friday at $21.50.

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