Hertz spikes 68% after revealing plan to sell up to $1 billion in stock that could 'ultimately be worthless'

· *Hertz surged as much as 68% on Friday after the company revealed plans to sell up to $1 billion in new stock.*
· *The move could raise much-needed cash for the company while its shares enjoy a sharp run-up from their late-May lows, the car-rental firm said.*
· *Hertz stock skyrocketed as much as 1,460% from its May 26 low...