PG - POTENTIAL TREND REVERSAL
U.S. appeals court judges questioned a 2.5-year pause in a shareholder lawsuit against PG&E Corp officers and directors. The lawsuit concerns statements about the utility's wildfire prevention. A pension fund sued 44 corporate leaders in 2018. The case was paused until the end of PG&E's bankruptcy, but judges now question the need for this delay. Shareholders claim billions in damages, and insurance funds have decreased. PG&E's financials improved in Q2 2023, but the lawsuit's fate remains uncertain.
Looks like the best time for trend reversal.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Looks like the best time for trend reversal.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.