Market Weekly: June 14 – 20 2020

Super Harley

Car rental company Hertz dipped 4% after the closing bell.

Hertz, currently in bankruptcy proceedings, decided to issue up to $500 million in new stock that it said would likely end up worthless.

Former SEC Chairman Harvey Pitt told CNBC Tuesday that regulators did not ever think investors “would be gullible enough” to buy “garbage” like Hertz’s bankrupt stocks.