Hertz Roller Coaster Resumes in Wild Return After Bankruptcy (1)

Hertz Global Holdings Inc. shares swung violently in their first session since the company emerged from bankruptcy on Wednesday.

The stock, which resumed trading over-the-counter under a new ticker “HTZZ”, bounced between massive gains and losses on Thursday before closing up 23% to $26.99. It opened at $22 and almost immediately surged more than 50% to $35 before reversing direction and tumbling to as low as $16, then rising again.

Volatility is nothing new for Hertz as the stock has been on a wild ride since the company filed for bankruptcy a year ago and its trading on the ...