Angela Weiss | AFP | Getty ImagesShares of the bankrupt car rental company slipped 8% in premarket trading on Thursday, following Hertz's announcement Wednesday that it suspended the planned sale of up to $500 million worth of stock. Prior to the announcement, SEC Chairman Jay Clayton told CNBC that the regulator has issues with the company's plan to sell stock while it pursues bankruptcy protection.
and other bankrupt names to try to get a piece of the market's comeback. The issue is that equity investors are behind bondholders and other creditors in a bankruptcy and will likely lose their money. —Futures contracts tied to the major U.S. stock indexes pointed to a lower open Thursday morning. Dow futures fell 140 points, suggesting an opening decline of about 100 points. S&P 500 futures pointed to a similar, 0.3% decline while Nasdaq-100 futures suggested little change at the open.
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Source: CNBC - 🏆 12. / 72 Read more »