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1 min read
Hertz's failed Tesla bet keeps getting worse as weak earnings challenge its stock
The rental-car giant fell as much as 12% on Tuesday after posting a deeper-than-expected loss.
Filip De Mott
2 mins read
Stock market today: Election rally stumbles as bond yields spike ahead of key inflation data
Bond yields spiked aggressively as investors awaited Wednesday's inflation data for October.
Filip De Mott
1 min read
Famed short seller Andrew Left is back shorting GameStop years after taking a hit during meme-stock mania
The famed short-seller told Bloomberg he shorted the stock after he saw retail hero Keith Gill's la…
Jennifer Sor
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'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
2 mins read
Tesla eclipses $1 trillion valuation after Hertz orders 100,000 Model 3 vehicles
Tesla is the fastest company on record to hit a $1 trillion valuation at 18 years, besting Alphabet…
Matthew Fox
2 mins read
Tesla falls 4% after Elon Musk warns it hasn't yet signed the Hertz contract for a record-breaking 100,000 orders
"If any of this is based on Hertz, I'd like to emphasize that no contract has been signed yet," Mus…
Shalini Nagarajan
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
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
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
A 42-year-old electronic technician says he made $8,000 betting on bankrupt Hertz after God told him to invest
Damien Roscoe told The Wall Street Journal he invested in the car rental company even though he kne…
Isabelle Lee
2 mins read
We're auctioning off stock history as NFTs to participate in the future of finance
To get closer to our audience and better understand the future of trading, we are auctioning off hu…
Seth Archer
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
1 min read
Hertz jumps 177% after it lines up $1.65 billion in potential financing
Hertz made waves with investors over the summer after it was bid up more than 1,000% despite being …
Matthew Fox
2 mins read
Tesla is on track for its biggest monthly gain in nearly a year as stellar earnings and a huge Hertz order send shares soaring
Tesla stock started October at $775 a share and is heading for a 41% monthly gain thanks to record …
Isabelle Lee
1 min read
Avis soars 212% as investors pile in following Elon Musk's tweet casting doubt over Hertz deal, strong earnings, and a possible short-squeeze
With the car rental firm gaining more than $25 billion in market value on Tuesday, the shorts have …
Matthew Fox
2 mins read
Hertz sold $29 million in shares before the SEC stopped it from selling even more, despite filing for bankruptcy in May
Hertz filed for bankruptcy protection in May but continued to sell its shares. It sold $29 million,…