Western Alliance Bancorp Stock Plunges on First Brands Fallout — Analysts See Upside
Stock Trends and Recent Moves Western Alliance’s stock has been volatile recently. After rallying through summer, it tumbled in early October. On Oct 8, WAL fell about 4% amid headlines that a Jefferies-managed fund (Point Bonita) held ~$715 million in First Brands receivables ts2.tech mlq.ai. By Oct 15, WAL closed near $78.84, down ~4% for the day investing.com. Trading volume surged as investors digested the news. A day later (Oct 16), Reuters reported WAL shares were still down ~5.4% reuters.com, despite the bank’s reassurances. Management disclosed it had filed a fraud lawsuit related to one credit and said its “criticized