American car rental company Hertz saw its shares skyrocketing on Wednesday. The stock soared over 50% after Wall Street learned that the company had selected a $6 billion turnaround bid. Shares were rocketing as much as 68% after the move, which will provide a rare payout to its shareholders. Knighthead Capital Management, Certares Management, and … Continue reading “Hertz Shares Explode After Selecting a $6B Turnaround Bid”
Tag: hertz bankruptcy
Hot Stocks
Hertz Shares Could Soon Be ‘Worthless’ Says SEC Filing
Hertz Global Holding Inc. recently filed for bankruptcy and according to an SEC filing, shares…
June 15, 2020
Hot Stocks
Hertz Shares Move Skyward Erasing All Losses Suffered Post-Bankruptcy
Shares of Hertz Global Holdings Inc. were moving higher on Monday, erasing the post-bankruptcy losses…
June 9, 2020
Billionaire Carl Icahn Loses Big on His Hertz Investment
Famed billionaire investor Carl Icahn had a big stake in Hertz Global Holdings Inc. and…
May 28, 2020
Hot Stocks
Impact of Coronavirus Pushes Hertz to File for Bankruptcy
Car rental company Hertz Global Holdings, Inc. has been struggling as rental car demand has…
May 26, 2020