PG&E Corp. Up Over 36% on Hope of Rescue From Wildfire-Related Liabilities -- Data Talk

PG&E Corp. (PCG) is currently at $24.27, up $6.53 or 36.81%

-- Would be largest percent increase on record (Based on available data back to Jan. 21, 1972)

-- Snaps a six-day losing streak

-- On Thursday, California's top energy regulator pledged a review of the company, including exploring a breakup of the utility, expanding an existing probe into its safety practices. Public Utilities Commission President Michael Picker also indicated in an interview that he did not believe a bankruptcy of PG&E would be good for California citizens, and expressed an openness to work to let the company pass on some wildfire-related lawsuit costs to its customers

-- Earlier Friday, Benzinga reported that Morgan Stanley cut its rating on PG&E to equal-weight from overweight and cut its price target to $31.00/share from $67.00/share. Citigroup raised PG&E to buy from neutral, and Argus cut its price target on the company to $36.00/share from $54.00/share, Benzinga reported

-- Down 48.15% month-to-date

-- Down 45.86% year-to-date; on pace for worst year on record (Based on available data back to Jan. 21, 1972)

-- Down 55.06% from 52 weeks ago (Nov. 17, 2017), when it closed at $54.00

-- Up 36.81% from its 52-week closing low of $17.74 on Nov. 15, 2018

-- Best performer in the S&P 500 today

-- Third most active stock in the S&P 500 today

All data as of 11:19:45 AM

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

November 16, 2018 11:53 ET (16:53 GMT)

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