Skip to main content

Hertz' Own Lawyer Admits Stock Price "Disconnected From Fundamentals," Will Go Ahead With Stock Offering Anyway

On Friday, a bankruptcy judge approved Hertz' attempt to sell up to $1 billion in stock. The bankrupt company was taking advantage of speculators who have sent the stock as high as $6/share, knowing there is no chance that the stock will have value.
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.