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LBRY Claims • hertz-stock-144-run-up-should-you-buy

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10 Sep 2021 23:18:12 UTC
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Hertz Stock - 144% Run Up - Should You Buy NOW Or Is It Too LATE
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Hertz Stock - 144% Run Up - Should You Buy NOW Or Is It Too LATE

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#Hertz #HertzStock #HTZ

Hertz’s miraculous ride. Shares of Hertz (ticker: HTZ), the car rental giant currently in the bankruptcy process, soared 142% on Friday following news it had raised $1.65 billion in debtor-in-possession financing – an arcane type of debt that will allow Hertz to continue operations for the time being but simply kicks the can down the road on how the company will be reorganized (or liquidated) moving forward.

It’s not necessarily a good thing for HTZ shareholders – certainly not to the tune of a 142% gain. The company’s debt load is such that common stock owners will likely still be largely wiped out.
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