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5 mins read
Fisker owners say they're hunting for parts and struggling to keep their cars on the road after the company's bankruptcy
After the EV startup collapsed, owners who paid as much as $70,000 now find themselves stuck with v…
Tom Carter
1 min read
Revlon falls 13% as blistering rally following the cosmetic company's bankruptcy filing loses steam
Revlon stock reversed course Thursday after retail investors drove a huge rally in an attempt to re…
Jennifer Sor
2 mins read
Revlon has soared 652% since it filed for bankruptcy as retail investors seek to replicate Hertz magic
"If executed effectively, Revlon could emerge from bankruptcy with a cleaner balance sheet and a be…
Matthew Fox
2 mins read
Hertz: the original meme stock rises from the ashes of bankruptcy
At the start of the pandemic, Hertz became the original meme stock when day traders flocked to the …
Emily Graffeo
2 mins read
Hertz's Chapter 11 restructuring plan has been confirmed by a bankruptcy court, paving the way for a $1 billion shareholder payout
The car rental giant said on Thursday its restructuring plan has been confirmed by a bankruptcy cou…
Emily Graffeo
2 mins read
Hertz has emerged from bankruptcy. The original meme stock has surged more than 2,000% leading up to its exit from Chapter 11.
Hertz investors received more than $1 billion in value from the bankruptcy exit, in the form of $23…
Matthew Fox
3 mins read
Wall Street Bets was right: Hertz's bankruptcy auction will actually give shareholders a handsome payout - even after Wall Street decided the stock was worthless
Retail investors who bought Hertz last summer when even the company itself said its shares were "wo…
Emily Graffeo
1 min read
Bankrupt Hertz soars 68% after accepting a takeover bid that would give a rare payout to stock investors
According to The Wall Street Journal, the winning bid will pay current shareholders close to $8 a s…
Emily Graffeo
1 min read
Bankrupt car-rental firm Hertz' lenders are proposing a shakeup that would take a newly reorganized company public, report says
The lenders want to convert their holdings in the bankrupt firm into shares of the reorganized comp…
Shalini Nagarajan
2 mins read
Hertz stock investors will not be paid back under a reorganization plan as a chapter of the meme-stock saga comes to an end
The restructuring comes nine months after the car rental company entered chapter 11 proceedings, as…
Isabelle Lee
2 mins read
Hertz CEO says his record-breaking $4.2 billion Tesla buy was inspired by electric vehicles going 'mainstream' as consumer demand for EVs rises
"It's a combination of data and also mindset," Mark Fields told Morning Brew regarding how he made …
Emily Walsh
2 mins read
Hertz shares are likely going to $0, Morgan Stanley says
The updated price target reflects the bank's view "that our Bear case has a higher probability of o…
Carmen Reinicke
2 mins read
Enjoy Technology stock soars 400% to become latest bankrupt company to stage massive rally
Enjoy's inability to raise cash by selling more stock amid a painful bear market means it now must …
Matthew Fox
2 mins read
Hertz skyrockets more than 100% after Jefferies suggests CarMax or AutoNation could 'swoop in'
"Our channel checks suggest that KMX and AN among others could be eyeing HTZ in bankruptcy," wrote …
Carmen Reinicke
2 mins read
Hertz spikes 68% after revealing plan to sell up to $1 billion in stock that could 'ultimately be worthless'
The irrational run-up poses a risk to potential buyers, and the company plans to warn investors "th…
Ben Winck
2 mins read
Hertz is looking to raise $1 billion in a share sale to capitalize on its almost 1,000% market rally since filing for bankruptcy
Since Hertz filed for bankruptcy on May 22, its stock has exploded. Day traders have been piling in…
Saloni Sardana
2 mins read
Hertz reveals delisting notice from NYSE, placing fate of mad-dash rally in pending appeal
"There can be no assurance ... whether there will be equity value in the Company's common stock" if…
Ben Winck
2 mins read
Hertz insiders sell shares during post-bankruptcy 1450% rally fueled by Robinhood traders
Ten different insiders at Hertz began selling shares on May 27 all the way up to June 8, at prices …
Matthew Fox
2 mins read
Hertz is seeking a $1.5 billion bankruptcy loan after regulators blocked its controversial $500 million share sale, report says
The car-rental giant is looking for cash after SEC officials deterred it from selling probably wort…
Theron Mohamed
2 mins read
Popular bankruptcy stocks Hertz, JCPenney plummet as risk-loving investors cash out
Both stocks recently surged on an unexpected wave of interest from retail traders looking for quick…