Western Alliance Bancorp’s stock moved more deeply into the red on Thursday morning after the Financial Times reported that the bank is considering strategic...
Western Alliance Bancorp’s WAL stock moved more deeply into the red on Thursday morning after the Financial Times reported that the bank is considering strategic alternatives for its business. The bank has said the report is false, according to a Bloomberg report. Western Alliance stock fell 58% in recent trades to $12.35 a share, lower than the stock’s price of $22 a share in its initial public offering in 2005.
Western Alliance Bancorp’s WAL stock moved more deeply into the red on Thursday morning after the Financial Times reported that the bank is considering strategic alternatives for its business. The bank has said the report is false, according to a Bloomberg report. Western Alliance stock fell 58% in recent trades to $12.35 a share, lower than the stock’s price of $22 a share in its initial public offering in 2005.
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