PG&E Stock Sinks To 6-Month Low As LA Wildfires Likely Among California’s Costliest, But Retail Shows No Panic
California utility PG&E Corp. (PCG) shares fell by more than 10% in mid-day trade on Friday, hitting their lowest levels since July, as the wildfires in Los Angeles continued to spread. Moody's insurance analysts dub the blaze 'among the most costly wildfires' in California history.