Hertz was granted permission by a bankruptcy judge to sell up to 1 billion dollars worth of stock. In spite of impending bankruptcy, the well known car rental has seen an enthusiastic market for their suddenly cheap stock. At one point the stock more than doubled making some quick gains for swing traders.
The price of the shares dropped once rumors of delisting hit the media, but the judge's ruling could possibly give more life to the $2 stock.
Posted from my blog with SteemPress : http://techy.life/hertz-granted-permission-to-sell-more-shares/
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