Western Alliance Stock Bounces Back After Bank Denies Reports Of Potential Sale

Western Alliance Bancorp shares were 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. 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.