Hertz Gyrates as Wild Ride Rages on After Bankruptcy Exit (1)

(Updates share movement in lead and first bullet, trading volume in second bullet.)

Hertz Global Holdings quickly erased an initial boom to tumble more than 25% in its first session amid lackluster volume after the rental-car company emerged from bankruptcy Wednesday evening.

• Shares opened at ~$22, soared to as high as ~$33.80, then tumbled to ~$16.04 after a bankruptcy plan that left its shares trading over-the-counter (OTC) under the symbol “HTZZ” with its warrants trading under the symbol “HTZZW”
  • Less than 500k shares had changed hands by 10 a.m. in New York
• NOTE: The stock has been trading over-the-counter after ...