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Article Date: February 1999
Word Count: 273

VENATOR STOCK TAKES ANOTHER TUMBLE.


FEBRUARY 22, 1999 - VOL 16, NO 8

VENATOR STOCK TAKES ANOTHER TUMBLE.

Venator stock fell $.75 a share or 17 per cent on heavy trading of more than 11 million shares Wednesday to close at a 10-year low of $3.56 a share. It closed Thursday at $3.1875 on 6.9 million shares, more than three times the average daily volume and gave the company a valuation of $432 million.

Part of the reason behind the sell-off was the switch at the CFO post. Bruce Hartman replaced Reid Johnson, who has resigned. Venator is scheduled to report earnings in three weeks and was also ... Log in to view full article.

 


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