Shorts shake Western Alliance stock

Edwards, John G.
September 2008
Las Vegas Business Press (10712186);9/29/2008, Vol. 25 Issue 39, p14
The article reports that the shares of Las Vegas, Nevada-holding company Western Alliance Bancorp went on a roller-coaster ride following the decision of the U.S. Securities and Exchange Commission to limit short-selling on financial stocks. The shares shot up $10, or 63% on the New York Stock Exchange to close at $25.75 on September 18, 2008. The following day, Western Alliance stocks closed at $15.61 at the Wall Street.


Related Articles

  • NYSE Chief Calls for Uptick Rule. Mehta, Nina // Traders Magazine;Apr2009, Vol. 22 Issue 293, p20 

    The article highlights the call of Duncan Niederauer, chief executive officer of New York Stock Exchange (NYSE), to restore the upstick rule in short sales in the U.S. It notes that the comment of Niederauer arrived before the announcement of Securities and Exchange Commission (SEC) to establish...

  • Thumbs Up for Limit Up/Limit Down. Chapman, Peter // Traders Magazine;Aug2011, Vol. 24 Issue 326, p23 

    The article reports on the favorable response of the security trading community to the proposed limit up/limit down rule in the U.S. It states that the proposal published by the Securities and Exchange Commission (SEC) aims to reduce volatility by allowing the market to find the natural level of...

  • Short-Sale Strategies and Return Predictability. Diether, Karl B.; Lee, Kuan-Hui; Werner, Ingrid M. // Review of Financial Studies;Feb2009, Vol. 22 Issue 2, p575 

    We examine short selling in US stocks based on new SEC-mandated data for 2005. There is a tremendous amount of short selling in our sample: short sales represent 24% of NYSE and 31% of Nasdaq share volume. Short sellers increase their trading following positive returns and they correctly predict...

  • First Blood for the SEC. Flynn, John T. // New Republic;2/9/38, Vol. 94 Issue 1210, p18 

    Comments on the regulations of exchange trading by the Securities Exchange Commission in the U.S. End to short selling for the practical purpose of preventing stock market decline; Sale of corporate stocks by American Telephone and Telegraph, General Motors, New York Central, Standard Oil of New...

  • Riding the short-sell roller coaster. Cote, Mike // ColoradoBiz;Jan2009, Vol. 36 Issue 1, p17 

    The article discusses the concept of short sale stocks in the U.S. A short sale of the stock is the act of selling a stock not own by an individual. Ted Weisberg, founder and president of Seaport Securities Corp., says that the volatility of the securities market has been due to the decision of...

  • Lifting Short-Sale Restrictions.  // Traders Magazine;Jul2004, Vol. 17 Issue 228, p10 

    Reports that the U.S. Securities and Exchange Commission has agreed to implement a pilot project that will waive short-sale curbs for 1,000 Russell 3000 stocks. Possibility that the exemption could become permanent.

  • SEC Proposes Short Selling Restrictions. CAIN, A. // Internal Auditor;Jun2009, Vol. 65 Issue 3, p16 

    The article reports on the decision of the U.S. Securities and Exchange Commission (SEC) to seek public comments on short selling restrictions. It cites the proposal by the SEC to eliminate price restrictions in June 2007 and its decision to re-evaluate the issue due to the extreme market...

  • SEC Keeps Short-Sale Debate Alive. Chapman, Peter // Traders Magazine;Sep2009, Vol. 22 Issue 300, p26 

    The article reports on the proposal of the Securities and Exchange Commission (SEC) to change its list of short sale price tests in the U.S. It states that SEC's proposal which was made in August 2009 received negative comments from the trading industry. SEC and the supporters of the proposal...

  • Price Test Rules Short Selling Go Under the Microscope. Chapman, Peter // Traders Magazine;Dec2006, Vol. 19 Issue 261, p58 

    The article focuses on the rigid evaluation made by the Security and Exchange Commission of the short selling rules in the U.S. The Commission had earlier abolished short selling, stating that it caused the downfall of the country's stock market in 1938. However, the Commission revived its...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics