WaFd Shares Plunge 7.38% to 52-Week Low After Downgrade

WaFd (WAFD) shares plummeted by 7.38%, hitting their lowest level since October 2023, with an intraday decline of 10.14%.

One of the most significant factors influencing WaFd's stock price is the recent downgrade by StockNews.com. The firm lowered its rating on WaFd shares from "hold" to "sell," which has likely dampened investor sentiment and contributed to the stock's decline. This change in rating can be a critical factor for investors, as it often signals a potential decrease in the stock's value.

Additionally, WaFd's stock price has reached a new 52-week low, trading as low as $24.65. This significant drop in market value has raised concerns among investors, further exacerbating the downward pressure on the stock. The combination of a negative rating change and a new 52-week low has created a challenging environment for WaFd, making it difficult for the stock to regain its footing in the short term.