The market dislocation wrought by the coronavirus pandemic has a poster child in Hertz Global Holdings Inc.
Investors eyeing Hertz might be some of the same who have been buying “deep value ‘penny-like’ stocks” on Robinhood, said Nancy Tengler, chief investment officer at Laffer Tengler Investments, also ahead of the decision.“This is for the quick buck crowd, not long-term investors,” Tengler went on. Before Friday’s decision, there was no similar precedent, she said.
Hertz stock has nearly tripled in June, and gained 10% this week, the Wednesday delisting notice from the New York Stock Exchange notwithstanding. The stock fell around 3% in the extended session on Friday after the court decision’s news, but ended the regular trading day up 37%.
I honestly don’t understand why anyone would use RH, it seems like the app is constantly down especially where there is a big market movement, as far as I know, you can’t put a stop market order for options, execution is horrible (possibly front running your trades).
have been making a lot of cash 💰 💵 💷 of bitcoin, you could easily make 200$-1000$ in less than 24hrs, just depends on what your initial investment is, no sign up fee needed, if interested: send me a DM Or Comment “info”
Y’all butt hurt that as millennials we aren’t playing by your rules, where the greedy corps want to see others go bankrupt so they can swoop in and get market share. revolution 🙌
TheRealRyan20
TheTimMobile lol
Hmm maybe robinhood users with a few thousand aren’t the real problem in this market... *caugh* jpow
Hertz is becoming a symbol of Trump style capitalism, (forcedly) backed up by Powell and FED
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Bankrupt Hertz Wants to Sell Up to $1 Billion in New SharesRental-car company Hertz Global Holdings wants to capitalize on the rally in its stock seen earlier this week by selling up to $1 billion in shares, despite a bankruptcy that threatens to wipe them out. oversubscribed no doubt🤪 OttButcher Only in America! I recall General Motors has been declared bankrupt several times. American company names never dies, but the ignorant investors does. This is an immoral capitalist sham and scam.
Source: WSJ - 🏆 98. / 63 Read more »
Bankrupt Hertz Seeks Permission To Raise $1 Billion In Preposterous New Stock SaleHertz Global Holdings asked the court overseeing its Chapter 11 bankruptcy reorganization to authorize a stunning plan to raise $1 billion by selling 246.8 million new share GregMannarino might as well, right Gregory? Thanks, Yellowstain! I’d like 15 blocks short Its hertz ya, let me share
Source: Forbes - 🏆 394. / 53 Read more »
Bankrupt Hertz can sell $1 billion in new stock, judge rules - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 'A blow to traders' Really? These people probably couldn't fog a mirror, let alone explain what bankruptcy proceedings look like Hertz Avis Enterprise But you want to sell cars above Kelly Blue Book value? Your greed will be the end of you. If you want to make money, you need to make the cars you are selling VERY affordable. Totally incomprehensible bullshit
Source: BusinessInsider - 🏆 729. / 51 Read more »
Hertz stock price soars 68% on plan to sell $1 billion in new shares - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. This is retarded. Lol like I have no words to describe this stupidity BREAKING WHO says coronavirus situation 'worsening' worldwide COVID19.,
Source: BusinessInsider - 🏆 729. / 51 Read more »
Hertz granted approval to sell up to $1 billion in sharesHertz was granted approval Friday by the U.S. Bankruptcy Court for the District of Delaware to sell up to $1 billion in shares of the bankrupt car rental company. What a time to be alive Maybe they’ll kill Uber finally
Source: CNBC - 🏆 12. / 72 Read more »