ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

PCG PG&E Corporation

20.38
0.10 (0.49%)
19 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
PG&E Corporation NYSE:PCG NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.10 0.49% 20.38 20.39 20.17 20.34 6,607,341 01:00:00

PG&E Shares Plunge 19% After Hours as Judge Opens Door to Rival Chapter 11 Plan

09/10/2019 11:19pm

Dow Jones News


PG&E (NYSE:PCG)
Historical Stock Chart


From Oct 2019 to Oct 2024

Click Here for more PG&E Charts.
   By Stephen Nakrosis 
 

Shares of PG&E Corp. (PCG) are falling in Wednesday's after-hours session, after a judge opened the door to a rival's chapter 11 plan for the embattled company.

PG&E is also dealing with the impact of having to cut power to around 800,000 businesses and households in California as it tries to reduce the threat of wildfires.

At 5:46 p.m. ET, shares of PG&E had lost 19.22%, to trade at $8.84. Volume in the late session topped 633,000 shares.

The company's shares had finished the day's regular trading session with a 0.73% gain, to close at $10.98.

A bankruptcy judge in California stripped PG&E of the sole right to propose a chapter 11 plan, opening the way for a rival plan backed by bondholders of the utility, including Elliott Management.

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

October 09, 2019 18:04 ET (22:04 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

1 Year PG&E Chart

1 Year PG&E Chart

1 Month PG&E Chart

1 Month PG&E Chart

Your Recent History

Delayed Upgrade Clock