You Searched For "hertz" and got 20 results
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2 mins read
Hertz stock investors will not be paid back under a reorganization plan as a chapter of the meme-stock saga comes to an end
The restructuring comes nine months after the car rental company entered chapter 11 proceedings, as…
Isabelle Lee
2 mins read
A 42-year-old electronic technician says he made $8,000 betting on bankrupt Hertz after God told him to invest
Damien Roscoe told The Wall Street Journal he invested in the car rental company even though he kne…
Isabelle Lee
1 min read
Hertz jumps 177% after it lines up $1.65 billion in potential financing
Hertz made waves with investors over the summer after it was bid up more than 1,000% despite being …
Matthew Fox
2 mins read
Hertz sold $29 million in shares before the SEC stopped it from selling even more, despite filing for bankruptcy in May
Hertz filed for bankruptcy protection in May but continued to sell its shares. It sold $29 million,…
Saloni Sardana
2 mins read
Hertz skyrockets more than 100% after Jefferies suggests CarMax or AutoNation could 'swoop in'
"Our channel checks suggest that KMX and AN among others could be eyeing HTZ in bankruptcy," wrote …
Carmen Reinicke
2 mins read
Hertz shares are likely going to $0, Morgan Stanley says
The updated price target reflects the bank's view "that our Bear case has a higher probability of o…
Carmen Reinicke
2 mins read
Hertz pauses plan to sell $500 million in potentially worthless stock after SEC weighs in
The offering was frozen after discussions with SEC staff, and is "pending further understanding of …
Ben Winck
2 mins read
Hertz shares halted after SEC raises issues with plan to sell potentially worthless stock
"We have let the company know that we have comments on their disclosure," SEC Chair Jay Clayton tol…
Ben Winck
2 mins read
Hertz spikes 68% after revealing plan to sell up to $1 billion in stock that could 'ultimately be worthless'
The irrational run-up poses a risk to potential buyers, and the company plans to warn investors "th…
Ben Winck
2 mins read
Hertz is looking to raise $1 billion in a share sale to capitalize on its almost 1,000% market rally since filing for bankruptcy
Since Hertz filed for bankruptcy on May 22, its stock has exploded. Day traders have been piling in…
Saloni Sardana
2 mins read
Hertz reveals delisting notice from NYSE, placing fate of mad-dash rally in pending appeal
"There can be no assurance ... whether there will be equity value in the Company's common stock" if…
Ben Winck
2 mins read
Popular bankruptcy stocks Hertz, JCPenney plummet as risk-loving investors cash out
Both stocks recently surged on an unexpected wave of interest from retail traders looking for quick…
Ben Winck
2 mins read
Tesla is on track for its biggest monthly gain in nearly a year as stellar earnings and a huge Hertz order send shares soaring
Tesla stock started October at $775 a share and is heading for a 41% monthly gain thanks to record …
Isabelle Lee
1 min read
Hertz tanks 29% on reports it could file for bankruptcy as coronavirus pummels travel industry
Hertz's business has slumped about 80% since the beginning of the coronavirus pandemic, Bloomberg r…
Carmen Reinicke
2 mins read
Hertz insiders sell shares during post-bankruptcy 1450% rally fueled by Robinhood traders
Ten different insiders at Hertz began selling shares on May 27 all the way up to June 8, at prices …
Matthew Fox
2 mins read
Tesla's self-driving tech is probably worthless in the resale market, short-seller Jim Chanos says
"The current value of the $TSLA "Full Self Driving" package is probably close to zero in the retail…
Joseph Wilkins
1 min read
Avis soars 212% as investors pile in following Elon Musk's tweet casting doubt over Hertz deal, strong earnings, and a possible short-squeeze
With the car rental firm gaining more than $25 billion in market value on Tuesday, the shorts have …
Matthew Fox
3 mins read
Hertz is ditching 20,000 electric cars, citing expensive repairs. Here's how much it can cost to service an EV.
Hertz just learned the hard way that EVs can cost a lot more to service and repair. Here's how the …
Alexa St. John
2 mins read
The Vatican invested in risky derivatives on Hertz using donated funds, a report says
The Vatican used charity funds to buy derivatives that bet on the credit worthiness of car rental f…
Saloni Sardana
3 mins read
'Bond King' Jeffrey Gundlach says the day-trading boom is 'downright terrifying'
The billionaire investor said in a Tuesday webcast: "Of course retail investor activity is downrigh…