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Hertz’s Quirky Stock Gives Retail Holders $5 Edge Over Insiders

Submitted by jhartgen@abi.org on

The latest round of drama for Hertz Global Holdings Inc. concerns its newly re-launched shares, which can be bought and sold by individuals on the open market for about $17, Bloomberg News reported. But insiders who got their stakes as part of the auto rental company’s recent bankruptcy settlement can trade only with other professionals in private markets, at least for now. Those shares are fetching about $5 less, according to investors with access to trading data.