Most publicly traded agency stocks performed better than the Dow and S&P 500, with the exception of Omnicom, which lost $5.4375 to $66 per share by the time trading was suspended, a drop of 7.6%. Interpublic Group of Cos.' stock dropped 5.4%, losing $2.5625 to $45.25. CKS Group was slightly behind IPG, losing $1.875 to $33.50, a drop of 5.3%. The stock of True North Communications was down 75 cents to $22.5625 per share, a loss of 3.2%. WPP Group stock lost only 1.1%, dropping 50 cents to $45.75; and Cordiant shares were unchanged at $6.3125.
Copyright October 1997, Crain Communications Inc.