Hertz Car Rental Stock

Hertz stock is currently hovering at 1 25 down from the 16 level of january 2020. As it navigates bankruptcy the rental car king is shedding its used car stock offering big discounts on toyota kia vw and chevy. Estero florida based vehicle rental company hertz global nyse htz is in the middle of bankruptcy proceedings.

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Hertz Global Stock Down 16 Company On Brink Of Bankruptcy In

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Hertz htz share price fell from 12 11 on march 4 2020 to 5 99 on april 8 2020.

Hertz car rental stock. Hertz stock skyrockets after company goes bankrupt. Raised 29 million selling its likely worthless stock before regulators dissuaded the bankrupt rental car company from. Hertz filed for bankruptcy last month as demand for car rentals dried up as travelers have stayed home during the coronavirus pandemic the stock hit a low of 40 cents intraday on may 26. Both hertz and avis lost more than half their stock value in a month.

The rental car company was one of icahn s 10 largest holdings. Hertz bankruptcy creates huge stock of bargain priced used cars. Carl icahn first bought a large stake in hertz in 2014 and held nearly 40 of the outstanding shares according to factset. Planet money rental car giant hertz declared bankruptcy last month which should have made their stock worthless.

Get the latest hertz rental car stock price and detailed information including htz news historical charts and realtime prices. Avis car shares fell from 30 55 on. Hertz sold 29 million in stock before sec acted hertz global holdings inc.