PG&E Down Over 17%, on Pace for Largest Decrease Since August 2002 -- Data Talk

PG&E Corp. (PCG) is currently at $33.08, down $6.84 or 17.13%

-- Would be lowest close since Oct. 22, 2008, when it closed at $32.15

-- On pace for largest percent decrease since Aug. 1, 2002, when it fell 29.78%

-- Investors fear PG&E Corp. and Edison International face new costs related to the wildfires in northern and southern California. While legislators in the state recently approved a bill that allows utilities to try to recover costs related to fires, Goldman Sachs analyst Michael Lapides said in a note yesterday the law doesn't provide for cost recovery in 2018

-- Currently down four of the past five days

-- Currently down three consecutive days; down 32.21% over this period

-- Worst three day stretch since the three days ending Aug. 5, 2002, when it fell 40.29%

-- Down 29.33% month-to-date

-- Down 26.21% year-to-date; on pace for worst year since 2002 when it fell 27.75%

-- Traded as low as $24.95; lowest intraday level since Dec. 5, 2003, when it hit $24.75

-- Down 37.5% at today's intraday low; largest intraday percent decrease since Aug. 1, 2002, when it fell as much as 42.45%

-- Worst performer in the S&P 500 today

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

All data as of 11:37:08 AM

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

November 12, 2018 12:01 ET (17:01 GMT)

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