Hertz tanks 25% after filing to sell up to $500 million in potentially 'worthless' stock (HTZ)

Hertz tanks 25% after filing to sell up to $500 million in potentially 'worthless' stock (HTZ)

Business Insider

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· *Hertz, the bankrupt car-rental company, on Monday filed to sell up to $500 million in new shares. *
· *The stock fell nearly 25% in premarket trading Monday. *
· *The move comes just after Hertz shares surged nearly 70% Friday when the company won bankruptcy court approval to sell up to $1 billion in new shares....

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