Hosted by Dailymotion. For legal issues report at the Copyright Center, report us on DMC, or use the Instant Removal tool.
Hertz Stock Tanks 25%
Description
On Monday bankrupt car-rental company Hertz filed to sell up to $500 million in new shares.
Business Insider reports the stock fell nearly 25% in premarket trading Monday.
The move comes just after Hertz shares surged nearly 70% Friday when the company won bankruptcy court approval to sell up to $1 billion in new shares.
Hertz warned the new common stock could "ultimately be worthless" due to their bankruptcy proceedings.
Business Insider reports the stock fell nearly 25% in premarket trading Monday.
The move comes just after Hertz shares surged nearly 70% Friday when the company won bankruptcy court approval to sell up to $1 billion in new shares.
Hertz warned the new common stock could "ultimately be worthless" due to their bankruptcy proceedings.
More from User
01:05
COVID-19: Child under 10 becomes the youngest Australian to die
Wochit
01:03
Woman born with no womb gives birth to two children
Wochit
01:06
Was Meghan boring on the Ellen show on purpose?
Wochit
01:07
This is why the Queen's hands are purple in the recent photograph
Wochit
01:01
CAT REUNION
Wochit
01:08
Love Island’s Amber Gill possibly double dated by Jack Grealish
Wochit
Related Videos
00:22
Hertz Stock Tanks 25%
Wochit Business
00:22
Hertz Stock Tanks 25%
Wochit Tech
00:22
Hertz Stock Tanks 25%
Wochit Entertainment
01:54
Top stock calls to trade for today by stock analyst Nooresh Merani of Asian Market Securities
CNBC-TV18
01:59
Check out top stock ideas by stock analyst Chandan Taparia of Motilal Oswal Securities
CNBC-TV18
00:42
Debt and coronavirus push Hertz into bankruptcy protection, and other top stories from May 25, 2020.
Vedia