Why PG&E Stock Keeps Going Down
California just put PG&E in a Catch-22.
Overview
California electric utility stock PG&E Corporation (NYSE: PCG) crashed more than 20% on Monday after a legislative effort in Sacramento to limit utilities' exposure to lawsuits from insurance companies fell apart.
PG&E stock bounced back a bit Tuesday (probably from short-sellers covering their shorts), but resumed falling this morning, and is now down 9.6% through 10:25 a.m. ET.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.