Western Alliance stock soars nearly 40%, as Citadel boosts stake to over 5%

Western Alliance stock soars nearly 40%, as Citadel boosts stake to over 5%

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Shares of Western Alliance Bancorp. WAL shot up 38.8% in morning trading Tuesday, to stage a big bounce following the drubbing they suffered the past three sessions, after hedge fund Citadel Advisors LLC disclosed that it had acquired a 5.3% stake in the Arizona-based regional bank. In a 13G…

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