Have you noticed how important were the trading of the Hertz stock over the last days.
Over 4 times the average trading...
Is there something about to happen?
3 replies (most recent on top)
Yes, there is something happening. They are filing for bankruptcy next week.
Mario Gabelli’s group GAMCO just purchased 5% stake in shares, so there’s most likely a deal forthcoming that hasn’t been announced.
http://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=114969492&type=HTML&formType=SC+13D%2FA&dateFiled=2020-04-29&cik=0001657853&CK=1657853&symbol=0001657853&companyName=Hertz+Global+Holdings%2C+Inc.
https://www.cnet.com/google-amp/news/hertz-possible-bankruptcy-missed-lease-payment-report/