Citadel Takes Advantage of Western Alliance's Sell-Off with 5% Stake Purchase
TL;DR Summary
Hedge fund Citadel Advisors LLC has disclosed that it owns 5.3% of Western Alliance Bancorp's outstanding shares, up from 0.5% at the end of 2022. The Arizona-based bank's stock rallied more than 40% on Tuesday, following a broad bounce in the regional-bank sector, after plunging more than 60% over the previous three sessions.
Topics:business#citadel-advisors-llc#finance#hedge-funds#regional-banks#stock-market#western-alliance-bancorp
- Citadel scoops up Western Alliance shares on the cheap MarketWatch
- Citadel discloses 5% stake in Western Alliance amid sell-off Yahoo Finance
- Ken Griffin's hedge fund Citadel takes a 5% stake in Western Alliance Bancorp amid banking turmoil CNBC
- Amid industry worries, Western Alliance Bancorporation sees largest single-day selloff in its history ABC15 Arizona in Phoenix
- Western Alliance Bancorporation: Potential Triple-Digit Upside Opportunity For The Brave Seeking Alpha
- View Full Coverage on Google News
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