Shares in Hertz Global Holdings Inc., after a brief head-scratching rally, are now in danger of being ejected from the New York Stock Exchange, calming a speculative frenzy around the bankrupt car-rental company.
Hertz said Wednesday it was appealing an NYSE delisting decision that would push trading of the company’s shares to over-the-counter platforms. Delisting typically drains value from equities as investors lose confidence, raising risks for the many inexperienced traders who piled into Hertz after it filed for bankruptcy...
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June 11, 2020 at 12:13AM
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Looming Hertz Delisting Pulls Shares Back to Earth - The Wall Street Journal
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