Why Western Alliance Bancorp Was Down 6.8% Today
Western Alliance Bancorp (NYSE: WAL) was volatile on Monday as its stock price was up as much as 9.7% in the morning, but it finished the day down 6.8%. The stock was trading at about $29 per share at market close today, down about 50% year to date.
The major indexes all moved higher on Monday as the S&P 500 was up 35 points (0.9%), the Dow Jones Industrial Average gained 383 points (1.2%), and the Nasdaq Composite was up 45 points (0.4%) as of market close.
Source Fool.com
