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Hertz stock rallies today more than 100%

Hertz Global Holdings, Inc. (HTZ) stock news

Hertz Global Holdings, Inc. (HTZ) stock today rallies more than 100% as of 10:38 AM, Wednesday, May 27, 2020, Eastern Time (ET). The stock price is at 1.2924+0.7374 (+132.8649%). However there is very important news related to the fundamentals of the stock, the company has recently filed for bankruptcy and most probably will very soon get delisted. Stocks like this get a lot of volatility mostly for speculation. Not for investing under these market conditions.

“The New York Stock Exchange initiated proceedings to delist Hertz Global Holdings Inc (NYSE: HTZ) on Tuesday following the car rental chain’s bankruptcy filing, according to Reuters.

Coronavirus Fuels Hertz Bankruptcy Filing

Economic damage from the coronavirus forced Hertz to file for Chapter 11 bankruptcy Friday after nearly a month of speculation. Between Feb. 20 and May 26, as the pandemic stalled airport business, Hertz’s stock fell from $20.29 to $2.84.”

Source: https://finance.yahoo.com/news/nyse-delist-bankrupt-hertz-report-125643945.html

Hertz Global Holdings, Inc. (HTZ) stock chart

Hertz Global Holdings, Inc. (HTZ) stock chart
Hertz Global Holdings, Inc. (HTZ) stock chart

Stock market source: Stockscharts.com

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