The Ticker

Sat., March 25, 2000

A look back at the past week on Wall Street

What’s hot

Shares of Travelers Property Casualty jumped Tuesday when Citigroup agreed to purchase an additional 15 percent stake. The stock was up $7.25 to $40.93. On Friday it closed at $41.13. Things were looking good Thursday for the top maker of tinted contact lenses, Wesley Jessen VisionCare Inc., as its stock price increased $8.56 to $33.44. The gain was prompted by Bausch & Lomb’s offer to purchase the company for $600 million. Wesley Jessen’s stock closed the week at $35.50. On Friday, shares in Homestore.com were up $12.19 to $47.81 after the Web-based company announced the extension of its partnership with GMAC.

What’s not

Investors in antibodies company Abgenix Inc. met with catastrophe Monday when the stock plummeted $112.50 to $199.50, losing a third of their value over concerns about patent claims. Abgenix stock ended the week at $194.31. On Friday, Johnson & Johnson shareholders experienced financial chest pain after the company announced it would stop selling its heartburn medication Propulsid in the U.S. because of safety concerns. Stock in the company dropped $7.75 to close at $72.25.

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