PG&E shares drop 10% amid strategic review plans to reinvent
PG&E shares fell 10% to $12.63 Wednesday after the company announced a strategic review aimed at “reinvent” itself. The stock was down more than 24% on the week.
Shares of PG&E fell on Wednesday as the California utility's weak week extended after it said it was conducting a strategic review to "reinvent" itself. PG&E stock lost 10% to $12.63 on Wednesday and was down more than 24% on the week after rising nearly 6% on Tuesday.