Rampage of Rumors

Nearly every stock on Wall Street had some ups and downs last week, but Pennzoil's performance gave even some poker-faced investors an acute case of the jitters. After opening at 63¼ on Tuesday, shares in the Houston-based oil company took off. By the closing bell the stock had jumped 19¾ points, to finish at 83. The next day Pennzoil climbed to 91 by 11:45 a.m. but then tumbled to 73½. The rest of the week proved less tumultuous, and Pennzoil ended Friday at 71½. As late as Nov. 18, Pennzoil was selling for just 49 7/8.

The Roman poet Vergil in...

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