Hertz sold $29 million in shares before the SEC stopped it from selling even more, despite filing for bankruptcy in May
Tuesday, 11 August 2020 · Hertz sold $29 million shares before the Securities Exchange Commission stopped it from selling more.
· The car rental company filed for chapter 11 bankruptcy protection in May.
· It initially intended to sell up to $500 million in stock, but the SEC questioned the plan.
· A number of day traders have been piling...
Kodak shares plunge more than 30 percent on news that a $765 million federal loan to convert the photography company into a pharmaceutical giant is on hold pending an investigation into allegations of insider trading. Shares for Canopy Growth pop following reported earnings of $110 million as its 22...
An SEC filing showed that Warren Buffett's Berkshire Hathaway bought a stake in Barrick Gold in the second quarter.
Business Insider reports that Barrick Gold surged more than 10% in premarket trading..