in late May, days after the car-rental giant filed for bankruptcy.
Retail investors have rushed to fill the void he left: Hertz stock has rocketed up nearly 900% from the low of 56 cents it hit on May 26. Similarly, JC Penney stock has surged more than 150% and Whiting has rebounded upwards of 800% since the companies entered Chapter 11.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Virus Survivors Could Suffer Severe Health Effects for Years ['
Yah right
The speculators are gonna get burnt...
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Investors flout logic, buying up Hertz and other bankrupt companies' stocksInvestors are piling into stocks of bankrupt companies, wagering against a court process that routinely wipes out shareholders. Wait, what? Eh, let em They just know that Trump's buddy Carl Icahn owns most of Hertz and that Trump will never let his buddy go broke. WSB autists piling in
Source: latimes - 🏆 11. / 82 Read more »
Investors flout logic, buying up Hertz and other bankrupt companies' stocksInvestors are piling into stocks of bankrupt companies, wagering against a court process that routinely wipes out shareholders. Wait, what? Eh, let em They just know that Trump's buddy Carl Icahn owns most of Hertz and that Trump will never let his buddy go broke. WSB autists piling in
Source: latimes - 🏆 11. / 82 Read more »
Some Global Markets Follow U.S. Stocks HigherSome international stock markets rose, and the dollar held near three-month lows, after a U.S. rally that pushed the S&P 500 into positive territory for the year. Protect your news integrity from online piracy to increase brand value, revenue and trust. Happy to help! FakeNews XCheck FightFakeNews waiting for the 2nd crash
Source: WSJ - 🏆 98. / 63 Read more »
Stock picks to buy: 11 companies set to beat the market over 3 months - 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. Hidden costs of buying this list.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock-market investing playbook, picks for recovery: Morgan Stanley - 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.
Source: BusinessInsider - 🏆 729. / 51 Read more »