Car rental giant Hertz (HTZ) tumbled roughly 25% in premarket trading after a report that it's prepping for bankruptcy.
The Wall Street Journal reported late Monday that Hertz hired an "additional adviser" to help guide it through bankruptcy. The company, which has $17 billion in debt, missed a lease payment last week, according to the newspaper.
Hertz faces two problems: Coronavirus has obliterated travel demand and travelers are increasingly using ride-hailing services for their trips.
Shares of Hertz will be down more than 100% for the year if the premarket losses hold.
"stock" - Google News
May 05, 2020 at 06:33PM
https://ift.tt/3bc53WU
US stock futures point to a higher open - CNN International
"stock" - Google News
https://ift.tt/37YwtPr
https://ift.tt/3b37xGF
Bagikan Berita Ini
Related Posts :
Stocks, Futures Slip on Stimulus Timing; Dollar Up: Markets Wrap - Bloomberg- Is the stock market in a bubble? The debate is heating up - CNN
- A surge in options trading is pushing around the stock market --- and bringing back memories of the dot-com bubble - MarketWatch
- US stocks set to open lower as investors brace for slew of big earnings after bubble jitters hit Asia - Business Insider
- Stock market news live updates: Stock futures open slightly lower after S&P 500, Nasdaq reach record highs - Yahoo Finance
0 Response to "US stock futures point to a higher open - CNN International"
Post a Comment