Western Alliance Bancorp (NYSE: WAL) shares are extremely volatile Thursday. The stock plunged following reports that the bank was exploring a potential sale, but shares are bouncing back after the company denied the reports.
What Happened: Western Alliance shares were halted several times in early trading as the stock faced heavy selling pressure on the heels of a Financial Times report indicating the bank was exploring a potential sale.
Western Alliance issued a press release shortly after the article surfaced, denying its accuracy.
“The Financial Times’ report today that Western Alliance is considering …
